• $ 1.7
  • € 2.0076
  • ₽ 0.022193
  • ₺ 0.0391
  • £ 2.3269

EU calls on Armenia to join electricity cable project from Azerbaijan to Romania

EU calls on Armenia to join electricity cable project from Azerbaijan to Romania
06.10.2023 09:37
The European Commission has called on Armenia to join the Black Sea electricity cable project with Azerbaijan, Georgia, Hungary and Romania, according to a joint statement signed by results of the meeting between European Commission President Ursula von der Leyen and Armenian Prime Minister Nikol Pashinyan on the sidelines of the European Political Community summit in Granada.

"The Commission will support Armenia's participation in regional projects, in particular in the Black Sea electricity cable project with Azerbaijan, Georgia, Hungary and Romania," the statement says.

The commission also pledged to boost technical assistance to Armenia in air and nuclear safety.

The European Commission approved the 3 GW Black Sea electricity cable project in 2022. It provides for the creation of a direct underwater power distribution line from Azerbaijan via Georgia and Black Sea to Romania and other EU countries. It is seen as one of the ways to compensate for losses from the severance of the EU’s energy relations with Russia and at the same time as a way to counter China's Belt, Road initiative.





www.anews.az
Similar news
Similar news
Number of unique bank depositors in Azerbaijan nears 200,000
Business 18:00
Number of unique bank depositors in Azerbaijan nears 200,000
Azerbaijanis lose interest in the dollar
Business 17:30
Azerbaijanis lose interest in the dollar
Central Bank of Azerbaijan to Regulate Pawnshop and Leasing Sectors in 2026
Business 16:32
Central Bank of Azerbaijan to Regulate Pawnshop and Leasing Sectors in 2026
New Birbank Biznes tariffs for entrepreneurs: Minimize your expenses
Business 16:28
New Birbank Biznes tariffs for entrepreneurs: Minimize your expenses
Central bank governor says policy rate impact on deposits and loans is strengthening
Business 15:35
Central bank governor says policy rate impact on deposits and loans is strengthening
SOFAZ fulfils part of budget obligation in U.S. dollars
Business 15:00
SOFAZ fulfils part of budget obligation in U.S. dollars
Central bank forecasts GDP growth of 2.4% in 2026 and 2.9% in 2027
Business 14:30
Central bank forecasts GDP growth of 2.4% in 2026 and 2.9% in 2027
Central bank forecasts oil at $64 per barrel, gas at $269 per 1,000 cubic metres
Business 14:00
Central bank forecasts oil at $64 per barrel, gas at $269 per 1,000 cubic metres
Inflation seen remaining within target band in 2026–27
Business 13:30
Inflation seen remaining within target band in 2026–27
Anews TV

Our official Youtube channel

Subscribe