The final investment decision on the Shah-Deniz-2 project will lead to strategic changes and will provide access to energy resources to Europe, British Foreign Minister William Hade, said at the ceremony of signing of the final investment decision on the Shah-Deniz-2 project in Baku.
He said creation of the Southern Gas Corridor was needed for several reasons. “These are - supplying Europe with gas throughout the entire route, discovery of new sources of energy, which will lead to reduction of dependence on a single transit system,” said Hade. He added that this will provoke competition at the European gas market, which will eventually lead to reduction of prices.—0---
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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