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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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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