The World Bank (WB) has announced its expectations regarding the project of building an electric transmission cable under the Black Sea, APA-Economics reports citing Europe and Central Asia Economic Date, Spring 2023 report of WB.
"In December, Azerbaijan and Georgia signed an agreement with Romania and Hungary to build an electric transmission cable under the Black Sea that will export power from the two countries in the South Caucasus to the European Union. A feasibility study is expected to be completed before the end of 2023," added the bank.