Wednesday, November 23 2016 12:04
Alexandr Avanesov

Iran receives first cargo via Armenia through new transit corridor from Europe

ArmInfo. The first cargo has  arrived in Iran from Germany via the new multimodal transit route  linking Iran and Europe through the Black Sea, Secretary of the  International Transport Association of Iran Gholamhossein Amiri says.

According to iran.ru, the given route is further expected to replace  the one laid via the territory of Turkey.  "Two cargo containers have  arrived in Iran via Armenia," Amiri said. "The cargo containers were  sent from Hamburg through a comparatively shorter route than the  Turkish route," the official said. "Over the past few years we had  some problems on the Turkish border regarding transportation of  cargoes from Europe.  This made us launch negotiations with several  other countries for alternative routes," he said.    

Tehran and Ankara have had a transit dispute because of different  fuel prices in the two neighboring countries. In addition, the common  border has often been a place of traffic jam for transit trucks. The  queue on the border can reach 15 km. The contracts signed by the  officials of the neighboring countries' customs bodies failed to  solve this problem. Transit safety is one more factor hampering cargo  transportation via Turkey. Several Iranian trucks have become victims  of arson and Ankara blamed the armed groups included in Kurdistan  Workers' Party. The Iranian Government demanded safety guarantees  from Ankara, but the results proved to be unsatisfactory. The Iranian  Ministry of Roads and Urban Development advised the freight companies  to avoid the routes running through Turkey. 

The Ministry recommended the truck drivers to use two alternative  routes: one via Azerbaijan, Russia and Belarus, and the other one -  via Armenia, Georgia, the Black Sea, and then via Romania and  Bulgaria. "The price of cargo transportation via Armenia has turned  out to be 1-2% lower than via the Turkish route," Amiri said. The  latest talks with Azerbaijan, Armenia, Georgia, Bulgaria, Italy and  Greece focused the transit corridor involving these countries.  

To recall, earlier ArmInfo reported that Yerevan offered Tehran to  carry out multimodal transportation until the problem of Iran-Armenia  railway construction was solved.  The then Minister of Transport and  Communications of Armenia Gagik Beglaryan stated that it was proposed  to carry out road haulage from Iran to Armenian town of Yeraskh, from  where to organize further railway transportation to Georgian Black  Sea ports and further to Bulgaria and Romania. At the same time the  cost of the transportation will be by $500 less than the cost of  service offered by Azerbaijan. The minister assured that the Iranian  companies are interested in Armenian side's offer. For the project  implementation a tender will be announced in the nearest future for  construction of Agarak-Sisian road, a part of North-South road  corridor, which will allow to reduce the time of transportation by 2  hours. This part of the road will be put into operation in the end of  2019. "Iran demonstrates constructive approach to both Armenia's  offer and construction of Iran- Armenia railway however, the main  obstacle for construction is lack of necessary financial funds", the  minister stated.

The North-South 556km motorway will be laid via the Armenian towns of  Meghri-Kapan- Goris-Yerevan- Ashtarak-Gyumri-Bavra and enter the  territory of Georgia on Akhaltsikhe- Batumi section, which will  settle some transport problems of Armenia.  This will be a four- lane  motorway of reinforced concrete extending from the Armenian border  and Iran to the Georgian port Batumi. The road corridor will  facilitate improving the road connection with the two neighbors of  Armenia: Iran and Georgia, providing access to international trade  routes and markets. Agarak-Kapan-Yerevan-Gyumri_Bavra road links the  South of the country with the North providing access to "Southern  Road Corridor" of Georgia which enables access to Poti and Batumi  ports or to the East towards Tbilisi. Armenia raised $500mln loan  from the Asian Development Bank for the project that is estimated at  $1 billion. Eurasian Development Bank is ready to provide $150  million.  Armenia raised $60 million from the European investment  Bank.  Due to the project, the overland communication  Europe-Caucasus-Asia will be improved. The project will be completed  by 2019. It will allow Armenia to soften the consequences of the  blockade by Azerbaijan and Turkey and to join the Black Sea ring  highway.


News
Japanese government to provide grants for implementation of 2  programs in Armavir and Lori regions  Japanese government to provide grants for implementation of 2  programs in Armavir and Lori regions  
Armenia`s developers to submit documents online soonArmenia`s developers to submit documents online soon
Armenia`s vice-premier calls for larger share of national currencies  in EAEU tradeArmenia`s vice-premier calls for larger share of national currencies  in EAEU trade
EDB to intensify work in ArmeniaEDB to intensify work in Armenia
Ardshinbank named the Best Bank of the Year by The Banker international magazineArdshinbank named the Best Bank of the Year by The Banker international magazine
EDB analysts have no assessment of economic benefits that Armenia  will receive from unblocking of regional transport corridorsEDB analysts have no assessment of economic benefits that Armenia  will receive from unblocking of regional transport corridors
Greenhouse for growing roses to be built in Aragatsotn region of  ArmeniaGreenhouse for growing roses to be built in Aragatsotn region of  Armenia
Gnel Sanosyan: Unfortunately, there have been cases of revealing  design and construction flaws during implementation of subvention  programsGnel Sanosyan: Unfortunately, there have been cases of revealing  design and construction flaws during implementation of subvention  programs
Armenian entrepreneurs appealed to PM to extend embargo on import of  Turkish goods Armenian entrepreneurs appealed to PM to extend embargo on import of  Turkish goods 
EDB Analyst: Armenia`s public debt level will remain above  pre-pandemic level until 2026EDB Analyst: Armenia`s public debt level will remain above  pre-pandemic level until 2026
EDB ready to provide loan for construction of Meridian highway of  Europe-Western China transport corridorEDB ready to provide loan for construction of Meridian highway of  Europe-Western China transport corridor
IFC ready to participate in reforms in Armenia IFC ready to participate in reforms in Armenia 
42% year-on-year growth in net private money transfers to Armenia in  Jan-Oct 202142% year-on-year growth in net private money transfers to Armenia in  Jan-Oct 2021
Armenia Securities Exchange  introduced corporate bond exchange  indices for the first time in regionArmenia Securities Exchange  introduced corporate bond exchange  indices for the first time in region
6.3% rise in real estate prices in Armenia`s capital this Oct6.3% rise in real estate prices in Armenia`s capital this Oct
Central Bank of Armenia joins Sustainable Banking and Financial  NetworkCentral Bank of Armenia joins Sustainable Banking and Financial  Network
EDB formulates idea of  Eurasian transport frameworkEDB formulates idea of  Eurasian transport framework
Tigran Balayan presented Armenia`s investment opportunities to  representatives of Dutch business sectorTigran Balayan presented Armenia`s investment opportunities to  representatives of Dutch business sector
Global businesses set to battle for talent as hiring plans fuel growth ambitionsGlobal businesses set to battle for talent as hiring plans fuel growth ambitions
Armenia`s gross international reserves increased by 38.2% per annum  by November 2021Armenia`s gross international reserves increased by 38.2% per annum  by November 2021
Vahan Kerobyan will take part in Second Eurasian Congress in MoscowVahan Kerobyan will take part in Second Eurasian Congress in Moscow
Statistics: Armenia`s GDP increased by 11.1% per annum in 9 months of  2021Statistics: Armenia`s GDP increased by 11.1% per annum in 9 months of  2021
New power plant of 254 MWe launched in YerevanNew power plant of 254 MWe launched in Yerevan
As of November 20, 2021, tax collection in Armenia exceeded  pre-crisis index of 2019 by 4.5%As of November 20, 2021, tax collection in Armenia exceeded  pre-crisis index of 2019 by 4.5%
Association of Restaurateurs reacted negatively to new decision of RA  Health Ministry Association of Restaurateurs reacted negatively to new decision of RA  Health Ministry 
ANIF, Masdar company discuss Ayg-1 project ANIF, Masdar company discuss Ayg-1 project 
Unpredictable pandemic situation, steadily high inflation remain major risks to scenario of Armenia`s  economic development - EDBUnpredictable pandemic situation, steadily high inflation remain major risks to scenario of Armenia`s  economic development - EDB
US$30m OPEC Fund loan to Ameriabank to promote sustainable energy and support small businesses in ArmeniaUS$30m OPEC Fund loan to Ameriabank to promote sustainable energy and support small businesses in Armenia
One Success Story: Trimming the SpiritsOne Success Story: Trimming the Spirits
EDB projects 2.9% growth in aggregate GDP of Bank`s member states in  2022EDB projects 2.9% growth in aggregate GDP of Bank`s member states in  2022
Representatives of Trade Mission of RF and EFSD discuss financing of  investment projects in Armenia and support for Russian exportersRepresentatives of Trade Mission of RF and EFSD discuss financing of  investment projects in Armenia and support for Russian exporters
4.3% year-on-year increase in economic activity in Armenia in  Jan-Oct, 20214.3% year-on-year increase in economic activity in Armenia in  Jan-Oct, 2021
New operator of Meghri FEZ plans to build a food packaging plantNew operator of Meghri FEZ plans to build a food packaging plant
Government subsidies to Syunik region reached 1.1 billion drams Government subsidies to Syunik region reached 1.1 billion drams 
Armenian authorities consider building three more bypass roads in  Syunik regionArmenian authorities consider building three more bypass roads in  Syunik region
Armenian government approves signing of Agreement on navigation seals  in EAEUArmenian government approves signing of Agreement on navigation seals  in EAEU
Contract for Kaps reservoir construction put out to tenderContract for Kaps reservoir construction put out to tender
VPOS number steadily increasing in Armenia  VPOS number steadily increasing in Armenia  
Non-cash plastic transactions continue to gain momentum; 30%  threshold in total volume has already been passedNon-cash plastic transactions continue to gain momentum; 30%  threshold in total volume has already been passed
Armenia to acquire a loan of 20 million euros for modernization of  urban land transportArmenia to acquire a loan of 20 million euros for modernization of  urban land transport
Russian company won tender on Ajapnyak subway station development  project: Yerevan Mayor hopes earliest possible financing of projectRussian company won tender on Ajapnyak subway station development  project: Yerevan Mayor hopes earliest possible financing of project
Black Friday CashBack from Converse BankBlack Friday CashBack from Converse Bank
Armenian-Belarusian Economic Cooperation Commission to meet in Minsk  Armenian-Belarusian Economic Cooperation Commission to meet in Minsk  
2.621mln plastic cards in Armenia`s banking market 2.621mln plastic cards in Armenia`s banking market 
Armenia, Belarus study prospects for cooperation in organic  agricultureArmenia, Belarus study prospects for cooperation in organic  agriculture
Mher Grigoryan, Sergei Glazyev discuss main areas of cooperation  within EAEUMher Grigoryan, Sergei Glazyev discuss main areas of cooperation  within EAEU
Macroeconomic Research Centre at Financial Research Institute of RF  ready to assist RA Economy Ministry Macroeconomic Research Centre at Financial Research Institute of RF  ready to assist RA Economy Ministry 
Delegation of RA Economy to get acquainted with peculiarities of  operations with precious metals and stones in Bishkek within EAEUDelegation of RA Economy to get acquainted with peculiarities of  operations with precious metals and stones in Bishkek within EAEU
Armenia can be a major exporter of intellectual property and software  - Chi-Foon ChanArmenia can be a major exporter of intellectual property and software  - Chi-Foon Chan
Bank loans in all member-states to be available to all EAEU citizens Bank loans in all member-states to be available to all EAEU citizens 
Armenia most important EAEU member - Ilya Malkina Armenia most important EAEU member - Ilya Malkina 
How to escape the “black” side of Black Friday?  Some tips from Converse BankHow to escape the “black” side of Black Friday?  Some tips from Converse Bank
Allow yourself more: Rocket line - the leading Armenian Allow yourself more: Rocket line - the leading Armenian "Buy now, pay later" payment format from Idram&IDBank digital platform
On November 24-27, Yerevan will host 1st International Trade and  Industrial Exhibition On November 24-27, Yerevan will host 1st International Trade and  Industrial Exhibition "Eurasia 2021" and Eurasian Business Forum 
ICAO and IATA provide identification codes to FLYONE ARMENIA ICAO and IATA provide identification codes to FLYONE ARMENIA 
Pashinyan: Armenia registered stable growth rates of trade with the  EEU countriesPashinyan: Armenia registered stable growth rates of trade with the  EEU countries
New foil annealing mode reduces scrapNew foil annealing mode reduces scrap
Ameriabank to start distribution of $8mln USD tranche bonds on Nov.  25 Ameriabank to start distribution of $8mln USD tranche bonds on Nov.  25 
 One Success Story: When the idea turns into reality One Success Story: When the idea turns into reality
Investments in Armenia`s communities nearly $400mln since 2018 -  premier Investments in Armenia`s communities nearly $400mln since 2018 -  premier 
Read more


Exchange rates
03.12.2021
RUB6.650.04
USD489.991.49
EUR553.440.31
GBP650.950.12
CAD382.00-0.15
JPY43.240.07
CNY76.880.22
CHF532.141.45