Economy

Bulgaria has begun gas imports from Azerbaijan via the Southern Gas Corridor as planned, providing Sofia with a diversified source of supply and reducing its dependence on Russian imports, Trend reports citing the S&P Global. Deliveries began late on Dec. 31 as supplies via the TAP line to Italy also …

The Southern Gas Corridor, which will supply Caspian gas to Europe via Turkey, will turn Azerbaijan and Turkey into a strategic energy corridor, Murat Akan, international trade operation specialist in Turkey, told Trend. “Natural gas has entered its golden age, because it has gained geopolitical importance and has become a constant …

Georgian Prime Minister Giorgi Gakharia has welcomed the delivery of Azerbaijani gas to Europe via Georgia from the Shah Deniz field as the Trans Adriatic Pipeline (TAP) began operations, according to Agenda.ge news platform. With the Southern Gas Corridor pipeline system, Shah Deniz delivers ‘significant new energy supplies’ to Europe …

Azerbaijan recorded growth in the non-oil industry, production, distribution, and supply of electricity, gas, and steam, agriculture, ICT despite the recession in such sectors as tourism, catering, construction, and oil production amid the COVID-19 pandemic, Vusal Gasimli, CEO of the Center for Analysis of Economic Reforms and Communications (CAERC), said, Trend reports …

The European Union (EU) and the World Health Organization (WHO) handed over about a million examination gloves, 52 patient monitors, 258 nasal oxygen cannula, 258 venturi masks, 123 pulse oximeters, and spare parts for medical equipment to Azerbaijan`s Ministry of Health, to help patients recover from severe illness due to …

Azerbaijan’s German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) will expand its activities to develop partnership with Germany, AHK Azerbaijan Chairman of Board Farid Isayev has said. Isayev made the remark during a videoconference on the presentation of the report “Foreign Business in Azerbaijan: Business Environment Review 2020” organized with the support …

Cooperation in the energy field between Azerbaijan and Iran was discussed during the meeting between Energy Ministers of two countries Parviz Shahbazov and Reza Ardakanian. The meeting took place during the visit of Azerbaijan delegation to Iran. During the meeting, the parties discussed energy cooperation between two countries and exchanged …

Azerbaijan remained the major electricity exporter to neighbouring Georgia during the period of January-November 2020 The country exported 575 million kWh of electricity to Georgia, which accounted for 45.2 percent of the overall 1.2 billion kWh of electricity imported to Georgia during the reporting period. Georgia received $29.5 million worth …

From December 31 2020 Bulgaria will start receiving natural gas from Azerbaijan, Trend reports with reference to the website of Bulgaria’s Council of Ministers. “According to the contract signed between Bulgargaz and Azerbaijan’s state oil company SOCAR, 1 billion cubic meters of natural gas will be delivered to Bulgaria annually from the …

Azerbaijan is the fourth largest main trade partner of Georgia, with the bilateral trade between the two countries totaling $831.349 million in January-November of 2020, Georgia`s National Statistics Service said. For this period, Azerbaijan`s share in Georgia`s economy made up 8.1 percent. Turkey is Georgia`s largest trade partner with $1,429 …