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In a remarkable economic turnaround, the Republic of Ireland has evolved from one of Europe’s poorest nations in the 1970s to now boasting one of the continent’s most competitive economies. Joining the European Union in 1973 opened doors to global markets, but it was the mid-1990s that marked a true economic boom, attracting multinational giants like Google and Microsoft. The Irish economy has seen consistent growth, with GDP increasing by a significant 229% between 1987 and 2007, and foreign investments contributing up to 48% of economic growth between 2013 and 2021.

At today’s meeting of the Board of the Ministry of Transport of the Republic of Kazakhstan, Minister Marat Karabaev presented the results of work in 2023 and outlined plans for 2024. Vice Minister of Transport of the Republic of Kazakhstan, S.A. Ablaliev presented the results of the development of the road industry over the past year and plans for the current year. Representatives of Kazlogistics, T.T. Lesov were also present at the meeting. and Zhagparov Zh.B.

CF&S Group announced the opening of a new transit hub in Poti, Georgia! Strategically located, this hub delivers on its promise by providing superior transit connectivity seamlessly connecting Europe, the US, the Far East and Central Asia.

The European Commission has granted approval for state aid amounting to €6.9 billion from seven member states to support the third Important Project of Common European Interest (IPCEI) in the hydrogen value chain. The IPCEI, named “Hy2Infra,” aims to enhance renewable hydrogen supply, reducing reliance on natural gas and aligning with the goals of the European Green Deal and the REPowerEU Plan. The project involves the collaboration of France, Germany, Italy, the Netherlands, Poland, Portugal, and Slovakia.

Hellmann Worldwide Logistics, a prominent global family-owned company, continues its commitment to driving digital transformation within the logistics industry through extensive collaborations with innovative start-ups. Since February, Hellmann has taken on the role of a corporate partner at the Digital Hub Logistics in Hamburg (DHLH), contributing its wealth of expertise to advance sustainable innovation within the framework of a global medium-sized enterprise. As part of the German network “Digital Hub Initiative,” initiated by the German Federal Ministry for Economic Affairs and Climate Protection in collaboration with the Digital Association Bitkom, DHLH operates as an innovation hub, fostering collaboration among companies, investors, start-ups, and the scientific community to propel lasting innovations.

The mild winter is favoring the progress of work at the T3 terminal in the Baltic hub, where the main reinforced concrete work is being carried out entirely thanks to favorable weather conditions, especially high temperatures. Completion of the formation of reloading embankments on 98% of the area is planned by the end of February 2024, and soil consolidation on 70% of the loaded area opens up new fronts of work.

During a video conference on February 15, 2024, an exchange of views on the activities of each organization and a discussion of prospects for cooperation in the field of customs management took place between the Permanent Secretariat of the Intergovernmental Commission TRACECA and the European Regional Office for Institutional Development (ROID).

METRANS Group’s successful expansion in Europe reaches a significant milestone as Adria Rail, a Croatian company operating intermodal trains, officially becomes a 100% member of the METRANS Group. Less than a year ago, METRANS Group acquired a majority stake of 51% in Adria Rail, solidifying their strategic partnership.

Kazakhstan has urged the Netherlands and Belgium to collaborate in developing the Trans-Caspian International Transport Route (TITR), also known as the Middle Corridor. Deputy Minister of Foreign Affairs of Kazakhstan, Roman Vasilenko, discussed this proposal during a meeting with the Ambassadors of Belgium and the Netherlands to Kazakhstan, Henri Vantieghem and Nico Schermers, respectively.

On February 6, 2024, a meeting was held to discuss the Basic Provisions of the TRACECA Business Council in a video conference format. The Permanent Secretariat, National Secretaries, and experts from the MHI participating countries took part. The creation of the Business Council is aimed at forming business opinions on the development of the TRACECA corridor, expanding economic cooperation in the region and improving interaction between business and government agencies in the field of cargo transportation.