The priority of the European Investment Bank (EIB) in Turkey in 2016 will be to support the energy sector in the country, "Anadolu" agency was told by the deputy head of the EIB Pim van Ballekom.
According to him, at this point in the agenda of the EIB is the construction of Trans-Anatolian gas pipeline (TANAP). "For the realization of this major and strategic projects, worth $8 billion, our bank has been requested $1 billion. We will provide this support, not immediately, but gradually," said Ballekom.
The deputy head of the EIB stressed that the topic of diversification and security of energy supply is very important for Turkey, recalling that last year the EIB allocated for Turkey $2.3 billion to finance energy and transport.
TANAP is part of the Southern Gas Corridor, designed to ensure the supply of gas from Azerbaijan to Turkey, and further to Europe. -02D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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