Closed Joint Stock Company Azerbaijan Railways started a series of capital repairs on the site Mugan-Hajigabul with length of 10 kilometers.
According to the report, the event is held under the overhaul of the Baku - Boyuk Kesik railway as part of a regional project Baku - Tbilisi - Kars. The repair work will last 10 days.
Recall that in December 2013 the repair of a section of the Baku - Boyuk Kesik railway with length of 317 km completed. The work was carried out within the framework of the "State program on development of the railway system in Azerbaijan in 2010-2014" through a loan in the amount of 215 million euros allocated by the Czech EximBank.
This road is part of a project to create the railway route Baku-Tbilisi-Kars (BTK), which is planned to be commissioned at the end of this year.
The design capacity of the new corridor will be 17 million tons of cargo per year. At the initial stage, this figure will be at 1 million passengers and 6.5 million tons of cargo per year. --17D-
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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