Bulgaria is seriously interested in Azerbaijani gas transit via its territory, Bulgarian Premier Boyko Borisov said in his interview to TACC.
He said Bulgaria needs to expand the interconnectors, in particular with Greece, to transport gas through its territory.
“We have repeatedly spoken with Azerbaijani President Ilham Aliyev about the necessity to ensure the route of Azerbaijani gas deliveries to Bulgaria, so Azerbaijan can trade through Bulgaria. Azerbaijan and Bulgaria have good and friendly relationship. Creation of a gas hub in Bulgaria is absolutely real and possible. We continue working on that,” Borisov added.
IGB (interconnector Greece-Bulgaria) is the gas pipeline, which will allow Bulgaria receiving Azerbaijani gas, in particular one extracted from the Shah Deniz Phase 2.
IGB is expected to be connected to the trans-Adriatic pipeline (TAP), via which gas from the field will be delivered to the European markets. In January 2014 the TAP consortium and ICGB signed the memorandum of mutual understanding on technical cooperation. The document envisages establishment of cooperation between the two companies, which will jointly work on connection of the pipelines in Komotini district (Greece), which will open the path to new gas deliveries to the gas distribution network of Bulgaria and further to the South-Eastern Europe.—0--
Economics
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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