Pakistan within the framework of increasing its turnover to Turkey, and then to Europe is going to join the main multilateral agreement on Transport Corridor Europe-Caucasus-Asia (TRACECA).
Today, the in the permanent Secretariat of the Intergovernmental Commission on the Project, the Ambassador of Pakistan to Baku Khalid Usman Qaiser was adopted on this occasion by the Secretary General of TRACECA Mircea Chepraga. The purpose of the meeting was to present and discuss the priority issues of the project by increasing its competitiveness. Pakistan supports the initiative of TRACECA transformation into an international organization. --17D-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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