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 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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