Azerbaijan plans to increase the share of alternative and renewable energy sources in the country’s energy balance from the current 16% to 20% until 2020, Rauf Gurbanov, deputy head of department of economy and governmental programs at the State Agency on Alternative and Renewable Energy, said. Gurbanov noted that Azerbaijan had a great potential to…
Azerbaijan is more than important in ensuring energy efficiency, Erik Somelar, Councellor for Energy at the Delegation of the European Union to Azerbaijan, said. He made the remarks during Azerbaijan Infrastructure, Power and Renewable Energy Investment Conference in Baku. He pointed out that energy was the biggest part in the talks on the new strategic…
Azerbaijan intends to increase energy efficiency by 20% till 2020, Director of the Institute for Scientific Research on Economic Reforms (ISRER) under the Ministry of Economy of the country Vilayat Veliyev said. He said that these objectives were described in “Azerbaijan 2020: Look into the Future” concept of development adopted by the country’s president. “In…
Ukraine`s GDP grew by 1.8% YoY in the third quarter of 2016, which was a sign of economic recovery in the country. Ukrainian Vice Prime Minister – Economic Development and Trade Minister Stepan Kubiv stated this at a meeting dedicated to the Strategy for Small and Medium Enterprises Development till 2020. “Yesterday Prime Minister Volodymyr…
Austrian firm OMV CEO Rainer Seele is sure that an asset swap deal with Russian gas giant Gazprom will be signed by the end of the year. Gazprom signed an asset swap agreement with OMV in April. Media reported in September that OMV offered 25% in Norwegian shelf deposits to Gazprom under the deal, but…
Asian markets were hit by fresh volatility on November 17, as uncertainty permeates trading floors after Donald Trump’s shock election win, while the dollar pushed back up on expectations of a US interest rate hike. Investors have been struggling to ascertain the outlook for the global economy under a Trump presidency after his bellicose rhetoric…
Turkmenistan and South Korea discussed the issues of cooperation in Seoul, the Turkmen Foreign Ministry reported. The discussion in a multilateral format was held during the ninth “Republic of Korea-Central Asia” cooperation forum, held at the level of deputy foreign ministers from the Central Asian countries and South Korea. The Turkmen delegation, along with other…