Potential investments in the Middle Corridor offer countries in the region the prospect of deeper integration into the global economy, the Director of the Middle East and Central Asia Department at the International Monetary Fund, Jihad Azour said.
Russia and Iran hope to begin construction work on the Rasht-Astara railway line in northern Iran in 2027 and complete it within three years, Russian Railways First Deputy CEO Sergei Pavlov said.
Caspian Construction Week is kicking off in Azerbaijan today, covering sectors such as construction, the restoration of Karabakh, engineering and utility systems, the plastic and polymer industry, as well as road infrastructure and public …
All major transport and logistics projects in Azerbaijan have already been realized, Azerbaijani President Ilham Aliyev said during a joint press statement with President of Laos Thongloun Sisoulith.
At the Upper Lars checkpoint on the Russia–Georgia border, a queue of over 300 heavy‑duty trucks has accumulated.
The total cost of the electrification, signaling, and telecommunications project on the Bilajari-Yalama railway section in Azerbaijan is estimated at $447.88 million. The Asian Development Bank (ADB) will provide $350 million in …
Since the beginning of the year, cargo throughput at Georgian airports has risen by one‑third, reaching a ten‑year high.
According to Economy Minister Mikayil Jabbarov, the establishment of peace in the South Caucasus has opened a new economic dimension for the region.
The highway has currently been built over approximately 325 km
World Bank estimates indicate that in approximately 15 years, cargo delivery from Asia to Europe via the Middle Corridor will take 18-19 days.
Total funding amounted to 262 mln roubles
The state enterprise Georgian Railway will purchase 200 new freight railcars from Russia's Roslavl Railcar Repair Plant (RRRP, Smolensk region) through direct procurement, according to the Georgian State Procurement Agency.
The Trump Route for International Peace and Prosperity (TRIPP) project begins a new era for Armenia and its economy, Armenian Prime Minister Nikol Pashinyan said at a panel discussion at the Concordia annual summit in the U.S.
He stressed that a comprehensive economic analysis of the possible options had shown that Russian companies were the best and most cost-effective contractors
Baku is developing Karabakh’s energy infrastructure as part of its Great Return projects to make the region self-sufficient in electricity
President of Azerbaijan Ilham Aliyev attended the inauguration of the 100 MW Gobustan Solar Power Plant in Baku’s Garadagh district.
The road project from Azerbaijan’s main territory to the border with Armenia is about 95% complete
According to Moody's, a sustained normalisation of relations between Baku and Yerevan will create new trade conditions and strengthen stability in the South Caucasus.
Azerbaijan is a key partner of China in the joint construction of the Belt and Road Initiative, Chinese Ambassador to Azerbaijan Lu Mei said at an event dedicated to the 20th anniversary of China Southern Airlines' office in Baku.
Physical work on the TRIPP project is expected to be launched in 2027, Azerbaijani Foreign Minister Jeyhun Bayramov said.
