The TRACECA transport corridor loses its "silky" character and appearance. In the first quarter of this year, freight transport on Silk Road on the Azerbaijani territory decreased by 28.2%.
According to the State Statistics Committee, as of April 1 this year in the Azerbaijan section of the Trans-Asian transport corridor Europe - Caucasus 3.1 million tons of cargo was transported. Of these, 1,144,700 tons accounted for the railroad, and the remaining 1,962,800 tons of cargo was transported by sea.
Reducing traffic affected the financial income of CJSC Azerbaijani Railways (AzR) and Azerbaijan Caspian Shipping Company. During the first quarter of this year from the transit they earned 151.2 million manat, which is 34.4% less than last year .
In AzR they could not give reasons for the trend of reducing the volume of traffic on the east-west corridor, citing the fact that they are the only link. -08D-
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review