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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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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