For the construction of the Iranian section work is carried out at an accelerated pace, and in March of this year, the railway line Astara (Iran) - Astara (Azerbaijan) will be put into operation. This was said at a meeting in Baku with the Chairman of the Board of CJSC Azerbaijani Railways Javid Gurbanov by the Deputy Minister of Roads and Urban Development of the Islamic Republic of Iran, President of Iranian Railways Saeed Mohammadzadeh this week.
In the Iranian Astara a railway station and a cargo terminal are built.
Azerbaijan has completed the construction of a single-line railway from the railway station Astara to the state border, with a length of 8.3 km and a railway bridge. The work is carried out in the framework of the North-South international transport corridor. -----08D
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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