Twelve kilometers of the highway Baku-Shamakhi-Yevlakh (160-172 km), one of the main highways of Azerbaijan (M4), is again under repair. State JSC "Azeryolservis" the Ministry of Transport said today (http://azeryol.az/az/news/view/558/), that this route has not been repaired for years. Although, according to the same source (http://azeryol.az/az/content/396/) even reconstruction of this highway has not finished. Realization of this project began in May 2010, and was to be completed in May 2013.
For the reconstruction of the highway Yevlakh-Muganli (145 km) M4 the government borrowed from the French bank BNP Paribas. Contractor works (OOO "Azerinshaatservis") notes (http://goo.gl/OmJmvD), that under this project it used $259.8 million. In addition, the government is also funding from the state budget part of these works. The credit agreement was ratified in 2008 (http://e-qanun.az/framework/15588). 08B
Economics
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Azerbaijan’s Milli Majlis ratified the second amendment to the agreement on the joint development of the Azeri-Chirag-Gunashli (ACG) oil and gas block during its plenary session on Wednesday. The bill was submitted to parliament as a legislative initiative by President Ilham Aliyev.
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The 104th meeting of the Commonwealth of Independent States (CIS) Economic Council was held in the Russian capital, with representatives from member states discussing enhanced economic collaboration and key regional initiatives. Azerbaijan was represented by First Deputy Prime Minister Yagub Eyyubov.
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Azerbaijan’s Information and Communication Technologies Agency (IKTA) reported significant improvements in the quality of internet and telecommunications services in the first half of 2024, driven by a comprehensive assessment framework and enhanced regulatory measures.
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In 2024, Azerbaijan will double its gas supply to Bulgaria, which not only uses this gas for its own needs but also partially sends it to its Balkan Gas Hub and, by agreement with SOCAR, organizes the transit of various volumes to its neighbors.
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