President Ilham Aliyev received on December 15 the Executive Director of the Italian company Danieli & C. Officine Meccaniche S.p.A Gianpietro Benedetti. During the conversation the sides exchanged views on joint projects in the steel industry, in particular, the creation of Sumgait metallurgical cluster, which brings together five metallurgical plants. After that, Dashkesan Mining Plant will be able to earn at full capacity, ensuring extraction of raw materials and the production of iron and steel products of various assortment. According to Benedetti, the financing of the project will carry out private investors and European banks. In turn, Ilham Aliyev assured that he will create all conditions for foreign investors and their interests are protected. -02В-
Economics
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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