On September 23 the Cabinet of Ministers established transport companies at the heads of the Executive Power of Sumgait and Ganja.
The entities (LLC Sumgait Negliyyat and LLC Gence Negliyyat) will have 20 employees.
The State Committee for Property Affairs of Azerbaijan is tasked to approve the statutes of the companies.
Offices of Passenger Transportation in Road Transport under the Heads of Executive Power of Sumgait and Ganja were created in these cities earlier. In Baku, there is a transportation agency under the Cabinet of Ministers. And LLC Baku Bus at the Executive Power of Baku was set up in 2014. ----08D
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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