On November 10, President of SOCAR Rovnag Abdullayev left for Greece, where he held a meeting with the Prime Minister of this country Antonis Samaras.
As the press service of SOCAR said, during the meeting they discussed the implementation of the pipeline project TAP (Greece-Italy) and the question of the sale of 66% share of the Greek gas distribution company DESFA.
Recall that last week, the European Commission blocked the sale of the shares of DESFA for 400 million Euro to SOCAR. Currently Brussels addresses the issue of the admissibility of such a transaction in view of possible monopolization of the Greek market by SOCAR. -02D-
Economics
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Azerbaijan’s COP29 Operating Company is advancing green energy initiatives with partners to power the Baku Olympic Stadium, host of the upcoming COP29 climate summit, and to promote sustainability across Azerbaijani regions.
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Azerbaijan's car market has shown mixed trends in 2024, with a sharp drop in the volume of imported vehicles but a rise in overall import costs, according to data for the first nine months.
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Azerbaijan’s real estate market, particularly in Baku, continues to see significant price growth in 2024, with apartment prices up by 9.2% in the first nine months of the year. The trend is largely driven by supply shortages, inflation, and rising demand from investors, according to market analysts.
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The Small and Medium Business Development Agency of Azerbaijan (KOBİA) has focused its support efforts on the Baku economic region, approving 220 business plans from January to September 2024, underscoring its commitment to fostering business growth within the country.
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