China will provide a grant of $ 30 million Yuan (US $ 4.5 million) to Azerbaijan for the development of economic cooperation.
According to the report of the Cabinet of Ministers of Azerbaijan, an agreement was signed by Deputy Prime Minister Abid Sharifov and Chinese Ambassador Hong Zhiuyin. This is the eleventh grant agreement between the two countries. Within the past agreements China provided $ 41 million for development, including the delivery of 163 facilities for domestic purposes in 2012, 155 units of new Chinese-made equipment in 2014, and so on. --17D-
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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