The President of Azerbaijan Ilham Aliyev approved a number of documents that form the basis of the state budget and welfare of the citizens. So, approved by the Law "On Living Wage for 2015", according to which the figure in the country will be increased from 125 manat this year to 131 manat, including the working-age population - up to 140 manat (AZN 136 in 2014) for children and pensioners - to 108 manat (AZN 103).
The President also approved the Law "On the level of need criteria for 2015", according to which increase the criterion for the purpose of targeted social assistance from 100 to 105 manat. --17D-
Economics
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The European Commission views Azerbaijan’s increasing gas exports to Europe as a vital alternative for ensuring the EU’s energy security, European Union Energy Commissioner Kadri Simson told Turan in an exclusive interview during the COP29 summit in Baku.
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The State Oil Company of Azerbaijan (SOCAR), which joined the global Oil and Gas Methane Partnership 2.0 (OGMP 2.0) earlier this year, hosted a forum on November 15 within the "Green Zone" of COP29. The event, titled "OGMP 2.0 Leadership Forum," brought together key stakeholders to discuss progress and prospects for methane emissions reduction in the oil and gas industry.
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Simon Stiell, Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC), highlighted the urgency of climate financing discussions ahead of his visit to the G20 summit in Rio de Janeiro from November 17-20. Stiell, speaking before departing from Baku where the 29th session of the UNFCCC is currently underway, underscored the pivotal nature of the negotiations taking place.
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The State Oil Company of Azerbaijan (SOCAR) is strengthening its presence in Bulgaria's gas distribution sector, aiming to capture 7.5% of the market by the end of 2024. Currently, SOCAR supplies half of Bulgaria's natural gas needs and plans to further increase its market share through strategic partnerships and expanded distribution.
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