Does Turkey’s energy deal with Russia affect Nabucco?

Does Turkey’s energy deal with Russia affect Nabucco? The latest energy agreement signed between Russia and Turkey will not affect the implementation of the Nabucco gas pipeline project, and on the contrary, will facilitate it, Turkish Energy Minister Taner Yildiz was quoted by Hurriyet newspaper as saying on Monday. “All the statements that implementation of the Nabucco project will slow down after the signing of the agreement on [Russian-backed]... 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