Since 2020 Georgia, which is among the partners of the Southern Gas Corridor (SGC) project, hopes to receive about 1 bcm of natural gas a year for Azerbaijani gas transit, said Georgian Premier Georgii Kvirikashvili.
Press office of Georgian Premier reported that on Tuesday Kvirikashvili attended the ceremony devoted to construction of the Greek section of the Trans Adriatic pipeline (TAP), via which Azerbaijan gas will be exported to Europe, in Salonica city.
According to the Azerbaijani Georgian intergovernmental agreement on Azerbaijani gas transportation, Georgia receives 5% of volume of gas as a transit fee for transportation of every 1000 cub.m. of gas via its territory.—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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