At the 13 April meeting in Baku transport operators signed an agreement on creation of the Trans-Caspian international transport consortium.
The press service of CJSC Azerbaijani Railways said the consortium includes the rail operators of Azerbaijan (ADY Express and ACSC Logistics), Kazakhstan (KTZ Express) and Georgia (Trans Caucasus Terminals).
An agreement has been reached on the establishment of the consortium’s Supervisory Board with the participation of representatives of the participating companies. The Deputy Chairman of the Azerbaijani Railways Board Igbal Huseynov was elected for Chairman of the consortium’s Supervisory Board.
In May, the sides will discuss the schedule of trains on the specified route.
Turan IA was told in the State Railways the Trans-Caspian corridor ferries loads from Europe to China on the bloc train Nomad Express for 10-12 days, making this route attractive. After commissioning of the Baku-Tbilisi-Kars railway, the freight traffic on this corridor will increase, and the delivery time will be reduced, according to the State Railways. -----08D
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review