In September, there will be laid the foundation of the local Railway Carriage Works. As reported at the meeting with journalists by the Minister of Transport Ziya Mammadov, jointly with the Swiss company Stadler Rail Group the plant will be built in the city of Ganja.
"Now there is the preparatory work. The construction of the plant will last 18 months. The plant’s start-up will create the conditions for the production of passenger cars in Azerbaijan for domestic and international traffic," said the minister.
The design production capacity of the plant is 50 cars per year. Its activity will be in 2 directions - building cars for railway and subway. According to Mammadov, products of European quality will meet the international standards.
This is not the first act of cooperation between the Ministry of Transport and Stadler Rail Group. On June 11 this year, they signed a contract for the purchase of 30 cars for the Baku-Tbilisi-Kars railroad. Sending the first batch of the products is scheduled for January 2015. --17D-
Economics
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Eel Electric LLC, a resident of the Agdam Industrial Park, has completed 85 percent of the construction of its power distribution equipment and power sockets plant, the Ministry of Economy announced on Monday.
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The State Tax Service (STS) of Azerbaijan has issued an urgent warning to citizens regarding a surge in fraudulent activities exploiting the name of the country's VAT refund project. According to the STS, cybercriminals have been creating counterfeit websites and online pages that closely mimic the official internet resources of the State Tax Service, luring unsuspecting citizens with promises of VAT refunds.
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On July 30, a meeting of the Working Group on "Inflation and Price Monitoring" was held under the chairmanship of the Head of the Cabinet of Ministers, Rufat Mammadov, to discuss price changes in Azerbaijan's consumer market and the government's anti-inflationary measures this year.
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Azerbaijan's foreign trade balance showed a positive surplus of $4 billion in the first half of 2024, according to data from the Central Bank of Azerbaijan (CBA) on the parameters of the interest rate corridor.
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