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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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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