The work on the Georgian section of the Baku-Tbilisi-Kars (BTK) railway is nearing completion. According to CJSC Azerbaijani Railways, locomotives operating on diesel fuel have already been run in a testing mode. They can move all the way unimpeded.
Recently at the Akhalkalaki station an approbation was held for the shift of a freight wagon from the 1,520 mm standard to the narrow-gauge Turkish railway of 1,435 mm.
There was also an experiment of passing a multi-ton container from car to car by a 40-ton crane.
Construction of the railway Baku-Tbilisi-Kars started in 2007. Start-up of the road is expected in the first half of 2017. -03D-
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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