Azerbaijan, Kazakhstan, Georgia and Ukraine signed a protocol in Baku on the establishment of competitive feed-in tariffs for cargo transportation on the Trans-Caspian international transport route. This is stated in the message of the administration of sea ports of Ukraine.
The protocol was signed by the head of CJSC Azerbaijani Railways Javid Gurbanov, Kazakhstan Railways Askar Mamin, the Georgian Railways Mamuka Bakhtadze and Acting Chairman of the Board of JSC Ukrainian Railways Alexander Zavgorodniy.
According to Gurbanov, single tariff policy for freight traffic on the Trans-Caspian international transport route is to be agreed between the four countries by mid-February.
Ukraine has long been studying the possibility of acceding to this route. January 15 from the port in Ilyichevsk (Odessa region of Ukraine) went the first test container train on the route Ukraine - Georgia - Azerbaijan - Kazakhstan - China.
In November, 2015 in Kiev, they reported the study of the possibility of joining the Trans-Caspian to international transport routes. Then there was a presentation of this corridor, in particular the alternative passage through the territory of Ukraine.
The route traffic Europe - Ukraine - Georgia - Azerbaijan - Kazakhstan - China (through the Black and Caspian Seas) and back will facilitate the participation of Ukraine in cooperation with Kazakhstan in the implementation of the project "The economic belt of the Silk Road" for the implementation of the agreements reached during the official visit of the President of Ukraine to the Republic of Kazakhstan.
Recall that from January 1, Russia has imposed a ban on the transit of Ukrainian goods through its territory. -02D-
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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