State Road Company is separated from the structure of the Ministry of Transport
On December 28, President Ilham Aliyev signed a decree on separating "Azeryolservis" from the structure of the Ministry of Transport. By another decree of the head of state, Saleh Mammadov was appointed a chairman of the board of "Azeryolservis", which is engaged in the construction and repair of roads in the country. Previously from the structure of the Ministry of Transport was separated the CJSC "Azerbaijani Railways". The Cabinet of Ministers was commissioned within a month to draft a new constitution and structure of "Azeryolservis."
Highways that are on the balance of the Ministry of Transport were transferred to the balance of "Azeryolservis." In this regard, budget funds for management, repair, maintenance, protection and reconstruction of roads will be provided by "Azeryolservis" directly. -08D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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