After OMV's pipeline project Nabucco failed, the EU Commission takes into consideration a stripped-down version along the Danube.
"Perhaps not under the name Nabucco West, perhaps with other investors but the infrastructure alongside the Danube will remain an important project particularly since we expect Romania to become not only a major gas market but also an exporter of gas with offshore gas and shale gas,"
EU Commissioner for Energy Günther Oettinger said, Natural gas Europe reported.
The Transadriatic Pipeline (TAP), the competing project to OMV's Nabucco where gas is transferred from Turkey via Greece and Albania to Southern Italy, was welcome "but the other infrastructure will remain necessary."
According to Oettinger, the decision between TAP and Nabucco was made.
"The most important thing is: There is gas coming from Azerbaijan to the European gas market. The door is opened," the Commissioner announced.
Until 2020, 248 border-crossing projects could be financially backed by the € 5.85-worth fund of the European Union "Connecting Europe", the authority announced on Monday. The projects will benefit from an accelerated planning and approval procedure of three years at the most as well as effective procedures in regard to environmental risk assessment.—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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