Axar.az
UP

Axar.Az Logo

Cargo transportation to exceed 25 million tons

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

The amount of cargo transportation via Azerbaijan's railways is expected to surpass 25 million tons by 2025, Javid Gurbanov, head of Azerbaijan Railways CJSC, said in an interview with The Business Year magazine.

"Global economic situation is currently characterized by a period of decline," he said. "We are doing as much as we can at Azerbaijan Railways. We will continue our efforts to increase the amount of cargo during 2016."

Gurbanov noted that in 2014, Azerbaijan Railways handled 21 million tons, mainly inside the country.

The decrease in the amount of cargo can be explained by the devaluation of the national currency, decline in the domestic construction industry, and other related factors, according to Gurbanov.

He pointed out that the level of imports in Azerbaijan was reduced as well.

Head of Azerbaijan Railways further said that the oil and gas sector continues to play a huge role in the country's economy.

"I believe that we need to diversify [the economy] and focus on four main sectors: transit transportation, as this will allow Azerbaijan to transform into a transport hub; technologies and innovation; tourism; and agriculture," he said.

There is no country that can succeed without having a strong agriculture sector, Gurbanov said.

He noted that the increased railway activity in Azerbaijan has the ability to improve the strength of important domestic sectors.

Date
2016.05.19 / 17:16
Author
Axar.az
Comments
See also

Oil prices have increased

Oil prices have fallen

Azerbaijan currency rates

Oil prices have fallen

Azerbaijan currency rates

FES decision on the discount rate from

Baku oil price exceeded $ 75

Azerbaijan currency rates

Brent oil prices above $74/bbl on ICE

Oil prices have increased

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla