Greek Prime Minister Antonis Samaras May 19th official visit to Baku.
His plan is to, first of all, lobby the TAP project, providing for the transit of natural gas to Europe via Greece. Abides in the financial crisis Greece is also interested in investing in such saturated finances of countries like Azerbaijan.
In the Greek delegation, which will arrive in Baku on the way home from Beijing, more than 50 are representatives of major companies operating in the field of shipping, tourism, agriculture, and construction materials.
At present the legal framework between the two countries includes 18 agreements on cooperation in various fields has 13 basic documents under consideration. Greek Prime Minister will report on the extent of their willingness to sign as part of the official visits of the Presidents of the two countries.
Previously, we reported that in late April, the capital of Azerbaijan visited the Greek Foreign Minister Dimitris Avramopoulos, who reported that the annual trade turnover between the two countries, an increase of 4 times, reached $ 1 billion main theme of its intermediate successful negotiations was also energy cooperation between the two countries and attracting investment. In addition, approved the schedule of opening of direct air links between Baku and Athens also resolved the question of the participation of the Greek delegation at the Second International Forum on Intercultural Dialogue (Baku, the end of May).
Recall, the State Oil Company of Azerbaijan (SOCAR) has officially participate in the tender for the privatization of Greek gas company DEPA. The results of the competition should be announced April 29, but moved in two stages to the end of May - the completion of investment negotiations between the two countries. In addition to our company participate in the competition 4 more investors, including Gazprom and Negusneft from Synthesis Group (both from Russia) and two Greek representatives.
Greek Prime Minister Samaras intends to visit a number of countries in May and early June, including leading the Europeans and the United States. At the end of the whole series of talks is expected importantly - easing of political and economic relations between Greece and Turkey, with the attendant geopolitical consequences. - 17D-
Economics
-
The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
-
Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
-
The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
-
In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
Leave a review