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 Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
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Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
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The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
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The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
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