Azerbaijani gas saves Italy, ISPI says


The Trans-Adriatic Pipeline (TAP) has saved Italy from deindustrialization, Matteo Villa, Head of the Institute for International Political Studies (ISPI) DataLab, said, Trend reports.

"For Italy, 2022 was an important year in terms of diversification. We have the TAP, which, in 2021, saved us all. We have worked as much as possible to keep close to suppliers such as Algeria, and Azerbaijan as well as diversifying," he said.

Azerbaijan-Turkey-Turkmenistan summit - three countries as a global energy center


Today, December 14, 2022, the highest-level meeting "Azerbaijan - Turkey - Turkmenistan" will take place in the Turkmen city of Avaza. Within the framework of the meeting at the highest level, it is planned to discuss the steps to further deepen the cooperation between the three countries in the spheres of trade, energy and transport.

Azerbaijan becomes a crucial element of Europe's energy security


“ Azerbaijan was the first country to invite foreign leading energy companies to cooperate in the Caspian Sea. We have established strategic oil pipelines to Turkey's port on the Mediterranean Sea and Georgia's port on the Black Sea, which have changed the energy map of Europe by diversifying energy supplies to the world market," said the President of the Republic of Azerbaijan, Ilham Aliyev, in his speech on "Azerbaijan's Role in energy security" at the International Forum held in Cernobbio, Italy, on September 2, 2022.

The Middle Corridor may become more competitive compared to the Northern Corridor


The Middle Corridor may become more competitive compared to the Northern Corridor.

This is what Iain Rawlinson, commercial director of the company “APM Terminals Poti”, which manages the Georgian port of Poti, told “Trend”.

„Therefore, to make the Middle Corridor remain competitive when the hostilities in Ukraine end and the situation in the region normalizes, it will need its exceptional efficiency in creating transparent rail and sea transport links“, he said.

TRACECA will hold an event to increase trade on the route Central Asia - EU through the ports of the Caspian and Black Seas


TRACECA will conduct a study tour on the possibility of increasing trade on the route "Central Asia - European Union" through the ports of the Caspian and Black Seas, the TRACECA administration announced on Thursday - May 12, 2022.

According to a source from TRACECA, the trip will last from 16 to 24 May 2022.

Turkiye can help evacuate civilians, wounded in Ukraine’s Mariupol


Turkiye can provide ship support for the evacuation of civilians and those wounded in Mariupol, the country’s defense minister said on Saturday.

“Coordination with Russian and Ukrainian officials in this regard is continuing,” Hulusi Akar told journalists.
Akar said that Turkiye continues its diplomatic efforts to end the war between Russia and Ukraine.

Turkey closely monitoring situation in Ukraine – national defense minister


Turkey is closely monitoring the situation in Ukraine, Turkish National Defense Minister Hulusi Akar said following the Munich Security Conference, Trend reports citing the Turkish media.

„The military activity is observed there”, Akar said. „This activity has some consequences. The media outlets spread this news. It is necessary to evaluate the news thoroughly because there is disinformation, fake news. Therefore, it is necessary to prevent some undesirable situations”.

Azerbaijani CBA, Turkish Finance Office to sign memorandum


A memorandum on the development of high technologies and digitalization in Azerbaijan is expected to be signed between the Finance Office of the Presidency of Turkey and the Central Bank of the Republic of Azerbaijan (CBA) next week, Executive Director of the CBA Farid Osmanov told reporters, Trend reports.

According to him, issues on the introduction of Turkish practice in Azerbaijan, namely the digitalization of the insurance sector and the capital market, will be discussed within the memorandum.