The European Investment Bank on Tuesday (6 February) approved its largest ever single loan to an energy project: the Trans-Adriatic Pipeline (TAP). The €1.5 billion grant will be used to bring gas from the Black Sea to the Mediterranean.
The European Investment Bank on Tuesday (12 December) delayed a decision on whether to grant a multi-billion-euro loan to a controversial pipeline, after the bank’s board insisted it needs more time to assess the project.
A heated exchange broke out between Lithuania’s President Dalia Grybauskaite and Belarus' Minister of Foreign Affairs Vladimir Makei on the issue of the controversial Astravyets nuclear power plant, during the Eastern Partnership summit on Friday (24 November).
Leaders from the EU and six former Soviet states meet in Brussels today (24 November) for the latest summit aimed at deepening ties, but thorny subjects like Russian influence and the war in Ukraine are off the agenda.
The leaders of Azerbaijan, Turkey and Georgia launched an 826-km rail link connecting the three countries on 30 October, establishing a freight and passenger link between Europe and China that bypasses Russia.
A draft law on the creation of a free trade zone in Azerbaijan will be submitted to the country’s parliament before the end of 2017, Taleh Ziyadov, director general of Baku International Sea Trade Port CJSC (Port of Baku), told reporters in Baku.