AGP Executive Report
Last update: 10 hours agoEnergy Diplomacy: Azerbaijan’s COP29 climate chief Mukhtar Babayev said the energy crisis is “extremely relevant,” pointing to Strait of Hormuz tensions and highlighting nuclear power as a key option at the 20th Baku Summer Energy School. Regional Energy Security: bp’s Giovanni Cristofoli stressed that dialogue enabled major projects like Baku–Tbilisi–Ceyhan and the Southern Gas Corridor. Manat Confidence: The Central Bank’s dollar purchases (including $1.0bn in April and $394m in June) helped keep the USD/AZN rate stable at 1.7000 since 2017, supporting confidence in the manat peg. Telecom & Consumer Finance: Azercell rolled out the new Alfa Plan postpaid tariffs (12GB/25GB/40GB) with flexible payments up to 45 days and long-term contracts offering 10% (1-year) or up to 20% (2-year) discounts. Trade & Business Links: Azerbaijan’s entrepreneurs’ confederation (ASK) signed an MoU with Pakistan’s Okara Chamber to boost SME ties, joint forums, and exhibitions. Geopolitical Risk to Business: Azerbaijan summoned Russia’s ambassador over alleged drone strikes on SOCAR fuel and gas assets in Ukraine, calling the pattern deliberate. Transport Infrastructure: Georgia confirmed China has withdrawn from Anaklia Port, shifting to a state-led “landlord model” while inviting multiple operators.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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