The question of acquiring 66% in DESFA by the State Oil Company of Azerbaijan (SOCAR) has finally lost relevance.
The Greek government denied the applicant, in spite of the progress in the negotiations. According to the Ministry of Environment and Energy of the country, their position was influenced by the proposal submitted by the candidate buyers (SOCAR and the Italian SNAM) about payment in installments due to the depreciation of the asset. The bankrupt country needs "real money", and alternative offers of the customers did not satisfy the Government of Greece for government guarantees.
Recall the deal to acquire 66% DESFA assets was estimated at 400 million Euros, but in the worst of times for Greece it was blocked by the European Commission, whose statute does not allow monopoly. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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