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Baku / 19.11.20 / Turan: Azerishig OJSC has restored the supply of electricity to the city of Jabrayil and the town of Hadrut from a substation in the town of Horadiz, the Azerishig press release says.
Work is underway around the clock to eliminate damage to civilian objects in the combat zone. In particular, new power centers, power lines, electronic relay protection and automation systems are being created. The projects have been prepared for phased implementation.
Let us recall that these areas were liberated by the Azerbaijani Armed Forces during the 44-day war in Karabakh. -02D-
Economics
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In a concerted effort to address the financing gap for Sustainable Development Goals (SDGs) in the Global South, Turkey and Azerbaijan have joined forces to host an event titled "Opening Private Sector Capital to Investment Opportunities Consistent with Sustainable Development Goals in the Global South." Held at the House of Turkey in New York, the event underscored the imperative of private sector engagement in advancing sustainable development agendas.
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In a significant development in the energy sector, SOCAR (State Oil Company of Azerbaijan Republic) and the French oil and gas giant TotalEnergies have successfully concluded a deal to sell a 15% stake in the Absheron gas field development project to ADNOC (Abu Dhabi National Oil Company) from the UAE. The announcement was made by TotalEnergies, highlighting the continued collaboration between major players in the global energy market.
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The allocation of funds for social protection and security has surged in Azerbaijan, raising questions about the possibility of further increases in salaries, benefits, and other social provisions this year. In the first quarter of 2024, state budget expenditures in this realm exceeded forecasts by a significant margin, signaling a potential shift in priorities towards bolstering social welfare.
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