Athens will seek a stake for Greece in the Trans Adriatic Pipeline (TAP), annual transit fees and a reduction in the cost of natural gas imported from Azerbaijan, according to sources from the Energy Ministry.
Minister Panayiotis Lafazanis left on Wednesday for Baku, where he is on Thursday due to participate in the first meeting of the advisory council for the Southern Gas Corridor.
During the meeting, Lafazanis will have a chance to talk to Azeri President Ilham Aliyev as well as top officials in the TAP consortium to express the new Greek government’s demands.
Lafazanis will also discuss the issue of gas network operator DESFA, after the government stated in Parliament that it disagrees with the sale of DESFA to Azeri state company SOCAR.
Sources say Athens is in favor of the sale of a 49 percent stake in DESFA, and not the 66 percent previously agreed, reported today ekathimerini.com.--12D--
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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