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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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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