The South Caucasian Pipeline supplies from Azerbaijan to Turkey reach 16 million m3 per day now. Meanwhile the Iran-Turkey pipeline is being repaired. The work will require a few days.
Turkey imported 14 million m3 of gas from Iran daily before the accident. The missing volume is being imported from Azerbaijan and Russia. The import from Azerbaijan has risen by 2 million m3 per day, while the supplies from Russia (through the Blue Stream pipeline) have been increased from 22 million to 32 million m3. --12В--
Economics
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The 12th International Caspian Energy Forum commenced today in Baku, organized by the Caspian Energy Club in collaboration with Enermus, bringing together over 500 delegates from across the Caspian-Black Sea and Baltic regions.
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The World Bank has recommended that Azerbaijan cut subsidies in its water sector to enhance system sustainability and address the escalating issue of water scarcity, Stephanie Stollmeister, Manager of the World Bank Representative Office in Azerbaijan, reported.
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Last week, the Central Bank of Russia raised the interest rate from 18% to 19% annually. The decision to increase the rate was made against the backdrop of rising inflation expectations among the public and businesses.
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Azerbaijan’s Cabinet of Ministers has announced a detailed timeline for the mandatory transition of labor contracts to an electronic document format, in accordance with a decree issued by the President of Azerbaijan on June 28, 2024. The resolution, signed on September 17 by Prime Minister Ali Asadov, outlines phased implementation deadlines for different categories of employers, with the aim of modernizing labor documentation and improving efficiency.
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