Uzbekistan Railways has put forward a proposal to establish a consortium to coordinate the activities of the Central Asia –South Caucasus – Anatolia (CASCA+) transit corridor.
The matter was raised at a CASCA+ meeting of representatives of the railway administrations of Uzbekistan, Kyrgyzstan, Turkmenistan, Azerbaijan, Georgia and Turkey on the development of freight traffic along the corridor held last week.
Projects that could develop the transit route were discussed.
One proposal put forward was a plan to establish transportation of perishable (fruit and vegetable) cargoes in refrigerated containers along the CASCA+ corridor and create a system of online monitoring of wagon and container corridor location.
An ultimate goal of CASCA+ is to connect the transport route to China and the countries of Southeast Asia in the east and countries of Europe in the west.
A difficulty is that efforts to realise the long-sought China-Kyrgyzstan-Uzbekistan (CKU) appear to be going nowhere fast.
Amid the furore over Hungarian Prime Minister Viktor Orban’s visit to Tbilisi immediately after the allegedly stolen October 26 general election, a visit by the country’s President Tamas ... more
The Central Bank of Armenia's Board has preliminarily approved the acquisition of a significant stake in Ameriabank CJSC by Bank of Georgia Group PLC (BOGG) and Bank of Georgia JSC, according ... more
In 4Q 2023, TBC Bank made a profit of GEL291 million, representing a 30% YoY increase, with a return on equity (ROE) at 25%, according to unaudited preliminary consolidated financial ... more