Bulgaria intends to become the main gas transit country for the Southeastern and Central Europe, thanks to the Balkan gas storage, which is planned to be built close to the Black Sea city of Varna and will be filled with Azerbaijani gas, reported Deutsche Welle on Tuesday quoting Bulgarian Premier Boyko Borisov.
He said the Bulgarian government will make every effort to achieve this goal.
“According to the project, gas must be pumped to the storage from Azerbaijan, Russia and Turkmenistan as well as Romanian and Bulgarian fields. The project and its financial plan are being worked out by the Bulgarian government jointly with the European Commission,” said the same source.
According to the Bulgarian authorities, construction of the hub, which was first announced on February 9, 2015 at the Energy Forum in Sofia, would have allowed to partially diversify the gas deliveries to the European countries. From the gas storage, which will be built near Varna, gas will be pumped to Bulgaria, Romania and Serbia. It is planned to deliver about 43 billion cub.m. of gas to Central Europe.—0-
Economics
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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
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The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
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