In January-April this year TRACECA transit through Azerbaijan transported 2 million 261.9 thousand tons of cargo. This is 1 million 228.6 thousand tons or 35.3% less than in the first four months of 2015, the State Statistics Committee told Turan.
The railroad reached an increase of 0.4% of the volume of transit cargo. Within four months the Azerbaijani railways transported 1 million 172.5 thousand tons of cargo.
Maritime transport carried 1 million 89.4 thousand tons of transit cargo, which is by 53.1% less than in the comparable period of 2015.
The TRACECA project is funded by the European Union for the development of a transport corridor from Europe through the Black Sea, the Caucasus and the Caspian Sea with access to the Central Asian countries. ----08D
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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