Uni Credit Bank Austria has provided several companies of SOCAR Trading Group a loan of 250 million dollars. The loan aims to support the trading activities of the companies. The legal adviser for the agreement is the British company Norton Rose Fullbright.
SOCAR getting the credit has caused criticism by the opposition. The Chairman of the Popular Front Party Ali Kerimli on his Facebook page questioned the feasibility of obtaining loans by SOCAR. He recalled that last year the company received loans from Gazprombank, amounting to 489 million USD, from the International Bank of Azerbaijan, amounting to 1 billion 291 million USD and from Canada, amounting to 3.3 billion USD.
Kerimli criticizes the SOCAR external borrowing policy and fears that the state will pay for it in the end. -03D-
Politics
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Armenia is not against the dissolution of the OSCE Minsk Group, but does not consider it appropriate to discuss this issue now. "In the context of peace, we consider it possible to make a decision on the dissolution of the OSCE Minsk Group. When peace is an established fact, the existence of such a format may raise questions," Armenian Prime Minister Nikol Pashinyan said at a press conference today. "The whole question is about the timing, we need to understand how effectively and correctly to turn such topics into a subject of discussion right now," the Armenian Prime Minister added.
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He expressed his willingness to meet with Azerbaijani President Ilham Aliyev at the border between the two countries. "A meeting with Ilham Aliyev could take place at the Armenian-Azerbaijani border. I am open to such a format," Pashinyan said at a press conference today. According to Pashinyan, Armenia recently presented another proposal for a peace treaty to Azerbaijan.
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On August 31, Azerbaijan observes a "day of silence" before the Sunday’s early parliamentary elections for the unicameral Milli Majlis. All electoral campaigning is prohibited 24 hours before the voting. The early elections were initiated by the ruling Yeni Azerbaijan Party. This decision was motivated by the overlap of the scheduled elections in November with the global UN forum - the COP20 climate conference taking place in Baku.
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On August 30, at approximately 22:55, the Armenian Nuclear Power Plant in Metsamor was disconnected from the country's power grid, as reported by the Armenian Ministry of Territorial Administration and Infrastructure. The shutdown was caused by a lightning strike, which triggered the plant's safety systems to switch the station to a safe shutdown mode. Currently, the plant's staff is working on restarting the facility.
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