Russian Railways, Iran and Azerbaijan signed a protocol on cooperation in the project North-South Corridor, said the First Vice-President of Russian Railways Alexander Misharin.
"The transit project North-South Corridor is formed by four parties - India, Russia, Iran and Azerbaijan, and last week we signed a protocol on cooperation with Iran and Azerbaijan. By August 7, we will have sent a demonstration container train from Mumbai. It will bring goods to Moscow on the tariff rates agreed with the specific participants in this corridor," said Misharin. -02D-
Economics
-
According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
-
The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
-
Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
-
Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
Leave a review