Azerbaijan’s real GDP growth will reach 5.1 percent in 2021, Executive Director of the Azerbaijani Center for Analysis of Economic Reforms and Communication, Doctor of Economics, Professor Vusal Gasimli said at a press conference on the monitoring and evaluation report of the “Strategic Roadmaps for the National Economy and Key
Omicron variant of coronavirus that is considered dangerous around the world already exists in neighboring countries and may appear in Azerbaijan as well, specialist for infectious diseases, hepatologist Mardan Aliyev said, Trend reports. According to Aliyev, the situation with the pandemic is stable in Azerbaijan. “The number of active patients is also
SOCAR Turkey, subsidiary of Azerbaijan’s state oil company SOCAR, has acquired 30 percent stake of Goldman Sachs in Petlim, a container terminal in the Aegean region, Trend reports with reference to Turkey’s Public Disclosure Platform. Seventy percent of Petlim is owned by Petkim, a subsidiary of SOCAR Turkey. “Goldman Sachs acquired a
Turkmenistan and Kazakhstan have called for the expansion of their effective trade and economic partnership, Trend reports via the Ministry of Foreign Affairs of Turkmenistan. This was stated at the regular 11th meeting of the Joint Intergovernmental Turkmen-Kazakh Commission on Economic, Scientific, Technical, and Cultural Cooperation held on December 20
The construction of the Interconnector Greece-Bulgaria (IGB) will be delayed by several months due to COVID-19-caused supply shortages, Trend quoted Greek Prime Minister Kyriakos Mitsotakis as saying. He made the remarks during a meeting with his Bulgarian counterpart Kiril Petkov, Greek media reports. “We have discussed the Greece-Bulgaria Interconnector. The project is
Omicron may increase oil price volatility in the near term, Trend reports with reference to Fitch Ratings. “Recovering oil demand due to eased pandemic-related restrictions and prudent OPEC+ supply policies have helped oil prices recover to pre-pandemic levels, Fitch Ratings says. However, the situation in the oil market remains highly uncertain given
Verification of COVID passports in shopping centers of Azerbaijan will be speeded up through new systems, Trend reports on Dec. 21. The systems for accelerated verification of COVID passports have been installed at the entrances of 28 Mall, Ganjlik Mall, Deniz Mall, Port Baku Mall, and Ganja Mall, which will eliminate crowding
More than 34 million tons of oil are forecasted to be produced in 2022-2024 in Azerbaijan, Energy Minister Parviz Shahbazov said on Dec. 21 at a conference entitled “Model of Azerbaijan’s development: yesterday, today and tomorrow,” Trend reports. According to Shahbazov, following the dynamics of growth in gas production, it’s expected to
The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, decreased by $3.46 on Dec. 20 compared to the previous price, settling at $72.04 per barrel, Trend reports referring to the source from the country’s oil and gas market. The price of Azeri LT FOB Ceyhan on Dec.
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