Talks between the Turkmen President Berdimuhamedov and Turkish Prime Minister, Recep Tayip Erdogan, took place on Friday in the city of Turkmenbashi. On conclusion of the talks the parties participated in the groundbreaking ceremony of a new international sea port of Turkmenbashi.
According to the Turkmen media, in their speeches the two leaders noted that the new port on the Caspian Sea will be an important part of modern transportation infrastructure that will enhance economic cooperation between Asia and Europe.
The project involves the construction of a new port ferry, passenger and container terminals. The complex will include a general loading terminal, bulk cargo terminal, as well as plant construction and repair of ships. The total length of the mooring line will be 3,607 meters.
The construction period will last 48 months. The tender for the construction has won the Turkish company «Gap Inşaat». Nothing is reported about the cost of the project.-02D-
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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