It is too early to evaluate influence of the agreement on Iran’s nuclear program achieved in Geneva on the oil market. However, even if the sanctions are lifted, Iran could hardly be able to restore its position at the world energy market very quickly, said Maria van der Hoven, Executive Director of the International Energy Agency (IEA), at the press conference.
“The agreement was adopted for the period of six months and it is too early to make any forecasts. But if the sanctions are lifted, Iran will hardly be able to return to the position it occupied before the sanctions within a short period of time,” said IEA representative.
Russian Minister of Energy Alexander Novak said at a press conference that it is hard to speak now about any concrete figures, but he is sure that the results of the talks will affect the oil production in the country.
On November 24, 2013 Iran and Foreign Ministers of the “Six” (Russia, US, China, UK, France and Germany) reached an agreement in Geneva, according to which Iran has committed itself to deplete uranium from 20% to 5% and also provide access to the international experts to for checkups in exchange for mitigation of the economic sanctions against the country.—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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