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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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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