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TRADE TURNOVER IN GUAM TO TOTAL $10BLN  The trade turnover among GUAM member states will be increased up to $10bln in upcoming three years, Valeriy Chechelashvili, the secretary general of the Organization stated in Baku in a conference on Development Strategy of GUAM on 29 May.
According to Chechelashvili, the trade turnover among Georgia, Ukraine, Azerbaijan and Moldova will go up to $4bln by the end of the year. “Under the conditions of globalization of the good and service markets, the economic cooperation will be more important, and GUAM member states have decided to create a competition free economic zone,” GUAM secretary general said.
“The political will and authority of the organization enables to implement big projects in the Caspian and Black Sea regions,” Chechelashvili said. |
Hits: 369 | Published: 30 May 2008 | Category: News |
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COST OF NABUCCO GAS PIPELINE CONSTRUCTION CLIMBS UP  Nabucco Gas Pipeline International stated some 1.5-fold increase in the cost of the Nabucco gas pipeline to 7.9bln euro.
The official web site of the project reported that the cost of Nabucco project climbed up given hike in oil prices and rising steel demand.
Consortium of the project reviewed capital expenditures on the basis of assessment of material procurement and supplies for implementation of the gas pipeline construction project. According to new assessment, the project will require 2mln tons of steel, 200,000 pipes and over 30 compressor aggregates. |
Hits: 432 | Published: 30 May 2008 | Category: News |
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