President Ilham Aliyev received the deputy ministers of foreign affairs and economic development of Italy - Martha Dassun and Claudio De Vincenti.
The meeting expressed satisfaction with the development of relations between Azerbaijan and Italy in the political, economic and cultural spheres, exchanged views on issues related to the prospects of cooperation between Azerbaijan and Italy, as well as Azerbaijan and the European Union, the press service of Azerbaijan.
During the meeting with the Italian delegation Foreign Minister, Elmar Mammadyarov, discussed the supply of Azeri gas to Italy as well as issues of economic cooperation in other areas.
The subject of gas supply was considered at the meeting with the Minister of Energy, Natig Aliyev. -06C-
Economics
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Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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Azerbaijan's Tariff Council has approved tariffs for connecting construction sites to water supply and wastewater systems for the first time, addressing a previously unregulated sector with inconsistent charges, the council announced on January 2.
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