Georgian Ministry of Energy does not consider SOCAR as monopolist at the Georgian gas market, Radio Commersant reported yesterday citing Mariyam Valiashvili, Deputy Energy Minister of Georgia.
Radio station reported that the issue if SOCAR Energy Georgia is monopolist at the Georgian gas market has become urgent after SOCAR's purchasing Itera Georgia,
She said that nothing will change at the market after acquisition of Itera Georgia by SOCAR.
Valiashvili said that before the deal Itera Georgia was supplied with SOCAR's gas and the whole Georgia was supplied with Azerbaijani company's gas.
She said the talks about new monopolies are inappropriate.
She said the tariff policy in the country is controlled by a special commission and in case of monopoly the company cannot avoid obligations.
SOCAR Georgia Gas company supplies almost all Georgia's regions with natural gas. However, gas distribution of Georgia's capital is not in its competence.-0-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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