Putin: EU should observe Russia`s stance on Trans-Caspian gas route

Putin: EU should observe Russia`s stance on Trans-Caspian gas route Any decision made by the European Union on the Trans-Caspian Gas Pipeline should first be adopted by the countries of the so-called “Caspian five“: Russia, Azerbaijan, Iran, Kazakhstan and Turkmenistan, presidential aide Yury Ushakov said last Friday, citing Russian President Vladimir Putin. The Trans-Caspian Gas Pipeline is designed to pump gas from the Caspian region... Read More

Natural Gas Europe referenced CESD reports

Natural Gas Europe referenced CESD reports Natural Gas Europe published new article titled as “Kremlin’s Offer to Turkmenistan: “More Political Than Economic”. The journal referenced CESD reports and states that “If anything, Baku has been saying lately that Nabucco is too ambitious and that it will develop its Shah-Deniz II fields for smaller pipelines, the Baku-based Center for Economic and Social Development said this week”. Natural... 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