A joint venture of JSC Azerbaijan Railways and the company Stadler Rail Group is being set up.
According to the information of the state-run commercial organization, the new structure is established for the purpose of maintenance of double-decker trains brand KISS, purchased for use on the restored railway Baku-Sumgait. Recall the "old new" branch will be put into operation on September 15 this year.
The Azerbaijani Railways Chairman Javid Gurbanov and the President of Stadler Rail Group, Peter Spuller also discussed financial issues of the additional purchase of 30 passenger carriages, the report says. --17D-
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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