SERBIA

Azerbaijan is heading into 2024 with a solid boost in investments, holding the seventh spot on the list of prime destinations for foreign direct investment (FDI) in the coming year, Trend reports.

According to the annual FDI Standouts Watchlist research, Azerbaijan's consistent macroeconomic indicators played a critical role in making the country one of the top alternatives for FDI on a worldwide scale.

Azerbaijan is becoming an increasingly important player in the European energy market.
This is what the former president of Serbia, Boris Tadic, said in an exclusive interview for Trend.az.

“Today, Azerbaijan is becoming a significantly more valuable energy partner. With the construction of TAP and TANAP, Azerbaijan will play a significantly more important role in the future”, Tadic said.

Since the start of the year, wholesale gas prices in Europe have risen by 250 percent. The record-high prices in Europe are driven by increased demand (due to the wider economic recovery and weather-related factors), competition with Asia for LNG, and a limited supply response from Gazprom, Europe’s largest supplier, providing about a third of Europe’s gas. The current gas supply crunch in Europe once again showed the importance of diversification of gas supply routes and sources.