The consortium of the trans-Adriatic pipeline (TAP) has invited a pre-qualification process to the tender for purchase of the pipes for the onshore sections of the gas pipeline, reported TAP yesterday.
The statement reads that the tender is divided into six lots. The tender envisages purchase of the pipes with a total length of 780 km and total weight of 443,000 tons.
TAP has been selected by the consortium for development of the Azerbaijani Shah Deniz field as the route to export gas to the European markets.
TAP will transport gas from the Caspian region to the south of Italy and further to the western Europe through Greece, Albania and Adriatic Sea. Total length of the pipeline will be about 870 km.—0—
Economics
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Azerbaijan’s consumer price index (CPI) for the period of January to August increased by 1.3% compared to the same period in 2023, marking a period of moderate inflation in the country. According to the State Statistics Committee, the overall CPI for the eight-month period reached 101.3%, with various sectors showing mixed inflationary pressures.
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Azerbaijan has witnessed a significant rise in the average nominal monthly wages of salaried workers, with an 8.3% increase recorded from January to July of this year compared to the same period in 2023. According to data released by the State Statistics Committee, the average nominal monthly salary reached 1,002.4 manats, as the country experiences both economic growth and sectoral shifts.
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The Chairman of the Central Bank of Azerbaijan (CBA), Taleh Kazimov, recently hosted a high-level delegation led by Elisabetta Falcetti, the Executive Director for Turkey and the Caucasus at the European Bank for Reconstruction and Development (EBRD). The meeting, held in Baku, focused on key initiatives to bolster the sustainable development of Azerbaijan’s financial sector and expand access to financing for the country’s real economy. Among the most pressing topics was the EBRD's support for Azerbaijan’s ongoing green transition.
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Recently, the prices of certain food items have increased in Azerbaijan. This is also reflected in the data released today, September 11, by the State Statistics Committee (SSC). It was noted that in August, compared to July, there were price increases in rice, beef, lamb, sausage products, butter, olive oil, and onions.
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