Repair and construction management JSC "Azerbaijan Railways" started to dismantle the coating materials of the hotel "Vokzal" which is on the balance sheet of the Baku railway station. This is the first public step of Javid Gurbanov, the new head of the Azerbaijan Railway since his appointment to this position on 9 February, 2015.
Facing of the 16-storey building around the perimeter, which includes a railroad station and other objects ended a few months ago. Facing was made of expensive materials of local origin. According to one of the employees, the new management has estimated that these materials are too heavy, and increase the utilization of the building and thus reduces the seismic stability.
JSC "Azerbaijan Railway" did not disclose the amount of the costs of facing, and it is not known how much will cost removal and replacement with a new building material. 08B
Economics
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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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The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted its biannual Members' General Meeting in Baku on December 18, 2024, gathering over 80 business representatives to reflect on the chamber’s milestones and chart a path forward.
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