Baku/05.02.14/Turan : The volume of transit freight transport corridor TRACECA on the territory of Azerbaijan for 11 months of this year amounted to 13.7 million tons. This is 5.6% less than in the comparable period in 2012 .
Reducing traffic volumes associated not with declining interest in this corridor , and maritime navigation factor that interferes with the safe berthing ferries, told Turan CJSC Azerbaijan Railways .
Transit cargo transportation brings great benefits to transportation companies. According to the SSC, for 11 months of 2013 the railroad and the Caspian Shipping Company from transit earned 134,992.8 thousand manats. However, revenues fell at an annualized rate of 5.5%.
Transportation in Silk Road is performed on the eastern and western direction. Basically transit transported crude oil, construction materials, aluminum castings, household supplies, etc. - 08D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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