Armenian Commission to Regulate Public Services has approved increase in the investment program of ArmRosgasprom closed-type joint stock company (JSC), the monopolist of gas deliveries and distribution at the Armenian local market, by $2,283,000 up to $19,048,000 in 2013.
$1,318,000 will be spent for upgrade of the Abovian underground gas storage, $269,000 for reconstruction of the gas transportation system, $301,000 for subscription of new customers and $393,000 for other costs of the gas distribution network.
ArmRosgasprom was established in 1997, its shareholders are Gasprom and the Armenian Ministry of Energy and Natural Resources. On December 2, 2013 Russian and Armenian Presidents have held talks and signed several documents in the gas industry, which, particularly, envisage increase in Gasprom share in ArmRosgasprom up to 100%.—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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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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