JSC Russian Railways has joined the financing of the construction of the international transport corridor North-South. The agreement was reached during the trilateral meeting in Baku on July 1, with the participation of representatives of the railway departments of the Russian Federation, Iran and Azerbaijan, Turan was told in the press service of the Azerbaijan Railways.
During the meeting in Baku the sides discussed the conditions of the Russian Railways participation in the financing of the railway section Rasht - Astara (Iran) - Astara (Azerbaijan). As a result, an appropriate document was signed. The details of the agreement are not disclosed.
In March of this year Azerbaijan began to build a single-track railway from the Astara station to the state border with Iran, with the length of 8.3 km. The construction of a railway bridge over the river Astara (82.5 m) is conducted simultaneously.
The agreement on the international transport corridor North-South was signed between Russia, Iran and India in September 2000. Azerbaijan joined the document in 2005. -----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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