Bulgaria and Greece have postponed the signing of an investment decision on the construction of the gas pipeline, scheduled for June 12, announced Deputy Minister of Energy Zhecho Stankov. "I hope that the signing of the final investment decision on the construction of a gas pipeline from Greece will take place before the end of June. The ministers of the two countries will discuss a new date at the International Economic Forum in St. Petersburg," said Stankov, without specifying the cause of postponement of the signing.
Construction of the pipeline, which should be the branch of the strategic gas pipeline TAP (Trans) is due to start in March 2016, and in 2018 it should be put into operation. According to him, since 2019, Bulgaria expects to receive annually from Azerbaijan about a billion cubic meters of gas, reports Tass.
The pipeline will be 182 km, 150 km will pass through the territory of Bulgaria. The gas pipeline costing about 210 million Euros is designed to pump 3 billion cubic meters of gas. -0D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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