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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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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