Sweden's TeliaSonera to connect to the international project TASIM (Trans-Eurasian Information Super Highway.
According to the head of the project working group Ilyas Naibov - Aylisli, project participants (the Russian operator "Rostelecom", Kazakh "KazTransCom" Turkish TurkTelecom, Chinese and local ChinaTelecom and Azertelekom) endorsed the participation of the leading European player. In December, must be received by an agreement in principle on the matter, after which the consortium will be announced and will begin the construction phase.
Completion is scheduled for the end of next - the middle of next year. Kazakh part of the operator will quickly resolve the issue of fiber optic cable along the bottom of the Caspian Sea.
TASIM resolution to create in order to reduce poverty, accelerate economic growth, eliminate digital divide between these countries and the EU, as well as development of the region as a whole adopted in the 66th session of the United Nations (September 19, 2011). The project is expected to be about 20 states involved. - 17D-
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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