Greece would like to have a share in the trans-Adriatic gas pipeline (TAP), increase annual fee for gas transit and reduce price of gas imported from Azerbaijan, wrote Greek media quoting the source from the Greek Ministry of Energy.
Yesterday Greek Energy Minister Panayotis Lafazanis arrived in Baku to attend the first session of the Consultative Council of the South Gas Corridor.
On February12, 2015 he met with President Ilham Aliyev and partners of the consortium of the companies building TAP to discuss demands of the new Greek government.
The fate of the DESFA – Greek national gas distribution company – will be another subject of discussion of Greek Minister in Baku. The new Greek government is opposed to the agreement on purchase of DESFA by Azerbaijan.
Sources from the government said that Greece is ready to sell over 49% share of the company, but not 66% as it was agreed earlier.
* Greece’s state debt has already reached 320 billion Euro and correlation of the debt to the country’s GDP constituted 176% (leader in Europe).—0—
Economics
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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Despite regional economies showing signs of recovery, Azerbaijan's economic performance continues to lag behind both its neighbors in Europe and Central Asia, as well as the average growth rates of developing countries globally. Recent data from the United Nations Department of Economic and Social Affairs (UNDESA) underscores a sharp divergence between Azerbaijan’s projected economic trajectory and that of comparable countries, noted economist Gubad Ibadoglu.
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The Central Bank of the Republic of Azerbaijan aims to enact green bond legislation by year-end, Chairman Taleh Kazimov announced on Thursday during a roundtable discussion at Baku Climate Action Week focused on personal finance.
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Azerbaijani President Ilham Aliyev inaugurated several new enterprises and toured ongoing construction projects in the Zangilan district on Thursday, marking significant strides in the region’s post-occupation recovery.
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