Date of tender on AGRI project extended

Date of tender on AGRI project extended SC AGRI LNG Project Company SRL (AGRI) extended the closing date of the consultant selection process for Azerbaijan – Georgia – Romania – Hungary Interconnector project, the company said on Thursday. According to the company’s statement, the shareholders empower the Board of Directors to extend the closing date of the consultant selection process until 31 January 2012 from the original... Read More

Azerbaijan Economy in 2012; expectations and challenges

Azerbaijan Economy in 2012; expectations and challenges Official forecasts for Azerbaijani economy in 2012 seem quite optimistic. According to Ministry of Economic Development reports although downturn in world economy. The Government of Azerbaijan (GoA) targets 5,7 % GDP Growth in 2012 meanwhile The Central Bank’s monetary policy is announced keeping inflation to single digits. Meanwhile, International Monetary Fund (IMF) projected at 7,1 % Azerbaijan’s... Read More

Is AGRI Real?

It will soon be possible to speak about the economic feasibility of the Azerbaijan-Georgia-Romania Interconnector project, Prime Minister of Azerbaijan Artur Rasizade said in Tbilisi after a meeting of the Georgian-Azerbaijani intergovernmental commission. Mr Rasizade said that while this project is under development it requires a solution to many problems. “Issues of economic and financial efficiency take time and only after a few months we... Read More