Azerbaijan to support all North-South corridor members

The Azerbaijani government is ready to assist all participants of the international North-South transport corridor in every way possible, Sahil Babayev, Azerbaijan’s deputy economy minister, said. “Azerbaijan, being a member of such multimodal projects as North-South and West-East transport corridors, sees itself as a regional hub. Logistics and infrastructure development is necessary for development of…

Azerbaijan: railways on priorities until 2019

Addressing the International Rail Business Forum titled “Strategic Partnership 1520: Caspian region”, Head of Azerbaijan Railways CJSC Javid Gurbanov spoke about priorities of the company’s activities. The priority directions of the activity of Azerbaijan Railways CJSC for 2017-2018 includes the development of the North-South transport corridor, renewal of infrastructure from Yalama to Astara in order…

Ukraine: agriculture ministry launches pilot projects to improve grain quality

The Ukrainian Agrarian Policy and Food Ministry is launching a pilot project, initiated by the International Finance Corporation, to improve the quality of grain in Mykolaiv, Odessa, Kirovohrad and Poltava regions. Ukrainian Grain Association (UGA) President Volodymyr Klymenko has stated this at a press conference. “The International Finance Corporation (IFC) works for grain quality. The…

Azerbaijan: foreign debt exceeds $7.6 billion

As of October 1, the volume of Azerbaijan’s foreign state debt amounted to $7.651 billion (12.403 billion manats), that is, 20.1% of the country’s GDP, Azerbaijan’s Finance Ministry said in a message. The statistics on borrowings includes Azerbaijan’s direct obligations and contingent obligations on the loans, drawn under state guarantee. As of October 1, the…

Turkmenistan: Ashgabat and Vienna aim at expanding co-operation

The issues of strengthening cooperation in politics, economy and culture have been discussed during the meeting with the Austrian Ambassador to Turkmenistan Gerhard Sailler in Ashgabat, the Turkmen Foreign Ministry said in a message. “The issues on cooperation within international organizations, primarily the UN, EU and OSCE, were highlighted among the priority areas of cooperation”,…