At the session of the Azerbaijani-Italian intergovernmental legal commission on economic cooperation, which will be held in Rome on June 13, Claudio De Vincenti, State Secretary of the Council of Ministers of Italy, will make a report about the project of construction of the Trans Adriatic gas pipeline (TAP), reported Ministry of Energy of Azerbaijan.
Energy Minister Natig Aliyev and Giampaolo Cutillo, Italian Ambassador to Azerbaijan, discussed preparation to the session of the Commission yesterday.
The previous session of the Azerbaijani-Italian Commission on Economic Cooperation took place in Baku on December 16, 2013.
According to the Italian Statistic Institute, during 2015 trade turnover between the two countries totaled 2,842,100,000 Euro.
Economic cooperation between Azerbaijan and Italy is based on the energy cooperation. Azerbaijan is the second oil exporter to Italy. 20% of total oil consumption in Italy falls on Azerbaijani oil.—0—
Economics
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The volume of cargo transported along the Trans-Caspian International Transport Route (TITR) surged by 62% in 2024, reaching 4.5 million tonnes, Kazakhstan’s Prime Minister Olzhas Bektenov said during talks with his Georgian counterpart Irakli Kobakhidze on Wednesday, according to the Kazakh government’s press service.
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Azerbaijan’s Small and Medium Business Development Agency (KOBİA) held a Supervisory Board meeting on Monday, chaired by Economy Minister Mikayil Jabbarov, to review the agency’s 2024 performance and set priorities for 2025.
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In January 2025, the average price of the consumer basket (CB) compiled by the Turan agency in Baku, which includes 30 types of essential domestically produced food products, increased by 0.3%.
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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