Italian Premier Enrico Letta will arrive in Baku on December 17, 2013.
Italian Lesse News 24 reported that Italian Premier will attend the ceremony of the Shah-Deniz-2 gas condensate field authorization.
Half of the gas extracted from the Shah-Deniz Stage-2 will be delivered to the Italian market via the trans-Adriatic pipeline (TAP). The TAP was selected by the Shah-Deniz consortium on June 28, 2013.
It is planned to extract the first gas from the Shah-Deniz Phase 2 in 2018. After two years the consortium will reach a project capacity of 16 billion cub.m., of which 6 billion cub.m. will be delivered to Turkey, 1 billion cub.m. to Greece and Bulgaria each and 8 billion cub.m. to Italy.
Greek and Albanian officials are also expected to attend the ceremony.—0—
Economics
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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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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