`ITGI might just continue Nabucco towards Greece and Italy. This would liberate ITGI from dependence on the decision of Turkey"s BOTAS whether to provide (or not) its infrastructure for the ITGI gas in Turkey,` he noted. He also said Nabucco"s timely construction would be an important matter for the region.
The Vice-President of DEPA, Greece, Spiros Paleoyannis, said the South Corridor pipeline projects had not developed much over the past years. That is why ITGI could become the first stage of Nabucco to accelerate the gas supplies to Europe.
* The South Corridor includes the South Stream, Nabucco, ITGI and TAP projects. --12C--
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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