ADB supports record-breaking green bond in Georgia

BAKU: The Asian Development Bank (ADB) has invested $40 million in a bond issuance by Georgia Global Utilities JSC (GGU), Trend reports via the ADB.

This certified green bond, the largest ever issued by a private corporate entity in Georgia, aims to …

Snam to boost gas storage capacity with new acquisition

BAKU: Italian Snam company has signed a binding agreement to acquire Edison Stoccaggio from Edison for approximately 560 million euros, Trend reports via the company.

The transaction is expected to be finalized by the first quarter of 2025, pending n…

Azerbaijani oil drops in price

BAKU: The cost of Azerbaijani Azeri Light crude oil has decreased by $0.41 to $85.34 per barrel based on CIF in the Italian port of Augusta on July 25, compared to the previous reading, Trend reports, referring to the source from the country’s oil and…