During 5 months, 2014 Georgia has imported from Azerbaijan 685,052 tons of natural gas in oil equivalent to the amount of $133.84 million, reads the report of the Georgian Statistical Committee.
Azerbaijan is the main supplier of this type of fuel to Georgia with a specific weight of 83.5% of total volume of import of the country in this category. According to the report, since early year Georgia has imported natural gas to the amount of $160.28 million. The remaining part of gas deliveries falls to Russia and other sources.
The volume of Georgia’s natural gas import from Azerbaijan increased by 20.9% a year (by 46,076 tons in oil equivalent).
From January to May 2013 Georgia has imported from Azerbaijan 638,076 tons in oil equivalent to the amount of $110.71 million.
Specific weight of gas in total volume of Georgia’s import from Azerbaijan constituted 53.7% during this period.
From January to May 2014 Georgia has imported from Azerbaijan products to the amount of $249.02 million.—0—
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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