The Israeli businessman Abraham Nanikashvili is considering the possibility of selling his share in the construction of private power station in Be'er Tuvia to the International Bank of Azerbaijan, reported on December 1 edition The Marker.
According to the publication, Nanikashvili owns 60% interest in Triple-M Power Plants Ltd, which is building the power plant. Total project cost is $ 400 million. Over the past three years Nanikashvili and its partners have invested in it 200 million Shekels. It is assumed that the power capacity of 430 megawatts will be built in the industrial area of Be'er Tuvia in the south of Israel, IzRus reports.
Why does the Bank of Azerbaijan needs these assets, and what percentage can be purchased, the source does not report. About Nanikashvili it is known that he has invested heavily in the search for gas in the Israeli shelf of the Mediterranean, but gas was not found. -02D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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