Greek Premier Antonis Samaras will visit Azerbaijan in the near future to safeguard security of the TAP deal. The date of the visit is unknown yet, but there is a good chance that Samaras will visit Baku after his trip to China on May 14-18, reported TO BHMA newspaper.
Greek Foreign Minister Dimitris Avramopoulos and his Deputy Dimitris Kurkulas visited Baku on April 29 and 30 and met with the Azerbaijani officials. Greek diplomats have also met with Azerbaijani Premier Artur Rasizada. They mainly negotiated the energy issues, Trans-Adriatic pipeline (TAP) and Nabucco West pipeline.
The Azerbaijani government also has its interests in Greece. State Oil Company of Azerbaijan (SOCAR) takes part in the bid for privatization of 65% assets of the Greek gas holding DEPA. The tender procedure had to be completed on May 10, but the Greek government postponed opening of the tender proposals till the end of May 2013. SOCAR's main competitor here is Russian Gasprom company.-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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