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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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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