The Cabinet of Ministers decided (12 May, №193) on procurement of 50.44 hectares of land in the Astara region for the state needs. These lands will be set aside for the construction of the railway line from Azerbaijan to Iran.
The main part of the land (41.3 ha) is privately owned. Three municipalities own 8.53 hectares. The state controls 0.61 hectares of these lands. The government has given the right to purchase these lands to CJSC Azerbaijani Railways.
Under the law, the owners should be paid compensation in accordance with the market value of the property.
The foundation of a railway bridge over the river Astara has been laid recently. It will connect the railway lines of Azerbaijan and Iran in the framework of the North-South international transport corridor project. ------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