Next week the Greek government wll resume talks with State Oil Company of Azerbaijan (SOCAR) to sell a bloc of shares of DESFA, operator of the gas transportation system, Greek Ekathimerini quoted Greek Minister of Industrial Reform, Protection of Envrionment and Energy as saying.
He said the main subject of discussion will be share of DESFA, which will be sold to SOCAR.
In early May Bloomberg said that the Greek government considers the possibility of sale of 49% share of DESFA to SOCAR.
In summer 2013 SOCAR won the tender to sell 66% share of DESFA for 400 million Euro.
At present the deal is being considered by the Directorate of the European Competition Commission. The procedure will last till the end of the year.
In November 2014 European Comission started investigation of correspondence of the deal of purchasing of the share in DESFA to the EU regulations.—0—
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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