Over the first eight months of 2013 transit cargo carriages on the Azerbaijani section of Corridor TransEvropa-Caucasus-Asia (TRACECA) amounted to 9.8 million tons. This is by 8% less than over the same period 2012.
According to State Statistics Committee (SSC), the share of railway is 4375 tons (down 14.2%) , maritime transport - 5 434.7 thousand tons (-2.3 %) transit. Income from transit totaled 95 486.6 thousand mantas, by 8.8 % less compared with the same period of last year.
Interregional program of TRACECA technical assistance was initiated in May 1993 to develop a transport corridor from Europe through the Black Sea, the Caucasus, the Caspian Sea with access to the Central Asian countries. The countries involved in this project apply reduced rates for freight. --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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