Implementation of the Southern Gas Corridor project is a priority for the EU. This was stated today to journalists by the head of the EU mission in Azerbaijan Malena Mard.
Thanks to this project, already in 2020 the first gas from the field Shah Deniz-2 will come to Italy.
However, she indicated that on May 17 the start of construction of the gas pipeline TAP (Trans-Anatolian gas pipeline) - part of the Southern Gas Corridor will be arranged in Thessaloniki, Greece.
Malena Mard also pointed out that Azerbaijan is the largest trading partner of the EU, which is interested in increasing mutual trade and investment. -16D-
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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