Romania and European Union will fund Moldova’s joining the Romanian gas transportation network, Liviu Dragnya, Romanian Vice Premier, Minister of Regional Development, told journalists last week.
“We have signed the contract with the Moldovan Vice Premier, Minister of Economy Valerii Laer to provide 5.2 million Euro worth grant, which will cover costs for construction of the Moldovan section of the Ungen-Yassy gas pipeline together with the European funds,” Dragnya said. He added that total cost of construction of 43-km-long pipeline will be 26.5 million Euro. The construction will be carried out by three Romanian companies.
Moldovan experts said that the pipeline will not solve the problem of Moldova’s access to the gas suppliers alternative to Gasprom.
Moldova’s annual demand in natural gas totals 1.3 billion cub.m., which it imports from Russia. Romania receives the missing volume from Russia as well, reported http://www.biztass.ru.--0--
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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