Transit Transportation via TRACECA Corridor Falls by a Quarter
In 2015, the Azerbaijani section of the international transport corridor Europe-Caucasus-Asia transported 9, 5 million tons of transit cargo. Compared with the previous year, the transportation declined more than a quarter (25.7%).
The State Statistics Committee told Turan IA the share of maritime transport accounts for 5 million 567.2 thousand tons of transit cargo (-32.7%), while the share of railway is 3 million 926.8 thousand tons (-12.8%).
Over the past year transport workers earned 124.4 million manats from transit, 3.4% less than in 2014. At the same time, despite the decline in traffic, CJSC Azerbaijani Railways received revenues (55.2 million AZN) - 5.9% more than in the previous year. This indicator was obtained as a result of the 80 percent devaluation of the manat.
It is noteworthy that due to the deterioration of relations between Russia and Turkey in connection with the military conflict in Syria, a part of the Turkish road freight transport is carried out via the territory of Azerbaijan. However, the State Statistics Committee cannot keep their records, as they cargo carriers in Azerbaijan do not take part in them, Turan was told in the SSC. --08D-
Economics
-
Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
-
The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
-
In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
-
Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
Leave a review