In connection with the reduction in the volume of international freight transport, mainly via the TRACECA transport corridor, performance of public transport companies has deteriorated.
According to the State Statistics Committee, the first five months of this year maritime transport carried 2,156,100 tons, 31% less than in the comparable period of 2015. The reduction is mainly due to the transition of the Kazakh oilmen to a new route for oil transportation through the territory of Russia.
An important role in reducing freight traffic was played by the write-off of 25 ships of the Azerbaijan Caspian Shipping Company, which had served over 35-45 years.
The country's railways transported 5.8 million tons of cargo, 23.5% less than in January-May 2015. ------08B
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review