The UK will continue to be a reliable partner of Azerbaijan, British Prime Minister Boris Johnson said in his message at VIII Global Baku Forum - "The World after COVID-19", Trend reports.
The message of the British prime minister was read by the deputy head of the British diplomatic mission in Baku, Philip Barclay.
The Iranian parliament has ratified a draft trade and economic agreement (convention) with the Caspian littoral states, the information portal of the Iranian parliament reports.
Source: https://en.trend.az/azerbaijan/politics/3506995.html
An auction for the placement of state medium-term bonds of the State Oil Company of Azerbaijan in the amount of $100 million with a circulation period of five years was held on the Baku Stock Exchange (BSE).
According to the BSE, during the auction, 754 investors submitted 761 bids.
The annual interest rate for the bonds will be 4.5 percent, and payments on it to investors will be made every three months.
The opening of the Zangezur corridor can lead Armenia out of the crisis. In 2020, Armenia's GDP fell by 7.4%. In 2021, it is projected to grow from 5.2% to a maximum of 6.1%. This means that this year the Armenian economy will not be able to return to the pre-pandemic and pre-war levels.
Expert-economist, Member of Parliament Vugar Bayramov stated that Armenia can restore its economy, which is in the state of crisis by opening communications:
The project company for construction of the Interconnector Greece-Bulgaria (IGB), which envisages Azerbaijani gas supply to Bulgaria, has started the testing of infrastructure along the pipeline’s route, the ICGB AD company stated.
Siemens considers the development of a roadmap for digital transformation, localization of electrical equipment, development of the mining and metallurgical sector based on advanced technologies, and increasing local competencies as key priorities of cooperation with Uzbekistan, a Siemens representative stated.
Europe will not be able to completely abandon Russian gas, but it needs to look for alternatives to supplies from Gazprom, Trend reports citing “The Economist”.
The Azerbaijani government and the International Bank for Reconstruction and Development (IBRD) which is a member of the World Bank (WB) group, signed a loan agreement worth $65 million on October 27, Trend reports citing the Azerbaijani Finance Ministry.
The document was signed by the Azerbaijani Finance Minister Samir Sharifov and WB Regional Manager for Azerbaijan Sarah Michael.
Iran’s Roads and Urban Development Minister Rostam Qassemi said that Iran and Turkmenistan have reached agreements on several areas, including doubling rail transit.
Speaking in the opening session of the 16th Iran-Turkmenistan joint commission on economic cooperation on Tuesday, Qassemi said that the two countries had a multi-billion-dollar trade, but the coronavirus pandemic imposed some limitations.
Third Iran-Germany Joint Energy Committee meeting will be held on Tuesday, October 25, ILNA reports.
