In the first half of 2012, through the Azerbaijan section of the corridor Trans Evropa-Caucasus-Asia (TRACECA) ,8.1 million tons of cargo were transported. This is by 0.2 million or 2.5% less than over the same period of 2011, according to the State Statistics Committee (SSC).
With consideration of local carriages through the corridor, the volume of freight traffic totaled 28.1 million tons, by 4.8% higher than in the first half of 2011.
According to SSC, cargo carriers saved from the activities of the corridor TRACECA 213,6 million manat, by 21.6% more than over the same period of 2011.
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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