Greek Minister of Environment, Energy and Climate Change Panos Skurletis has accused the European Commission of delay of the deal to sell share of State Oil Company of Azerbaijan (SOCAR) in the Greek operator DESFA, reported Greek media.
In his speech in Greek parliament Skurletis said that some conditions laid down by the European Commission have significantly delayed privatization of the gas operator. In particular, reduction of SOCAR’s share in DESFA to 49% will lead to the fact that the company will become a passive shareholder with no right to vote in the company’s management.
Deputies of Greek parliament mentioned that the problems with DESFA privatization could deprive economy of the country of significant financial inflows of SOCAR.
In 2013 SOCAR won the tender to sell 66% share in DESFA for 400 million Euro. SOCAR will buy 31% share from the Greek government and a full package of 35% from Hellenic Petroleum. –0---
Economics
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
Leave a review