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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Azerbaijan produced 28,394.1 million kilowatt-hours (kWh) of electricity in 2024, according to operational data released by the Ministry of Energy.
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The 10th meeting of customs heads from the Organization of Turkic States (OTS) commenced in Baku on Tuesday, bringing together senior officials from Azerbaijan, Turkey, Kazakhstan, Uzbekistan, and Kyrgyzstan. Representatives from the United Nations, the International Road Transport Union (IRU), and the customs authorities of Georgia and Hungary also participated.
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The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
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Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
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