Work on a feasibility study for the AGRI project (Azerbaijan-Georgia-Romania Interconnection) is coming to an end, Natig Abbasov, Deputy Minister of Industry and Energy Azerbaijan, said at the international conference "Establishment of Bridges" in Baku.
Abbasov said that up to 2 billion cub.m. are planned to be exported via AGRI during the first stage, and from 5 to 8 billion cub.m. of gas during the second stage. "Despite participation of Azerbaijan, Georgia, Romania and Hungary in the project, other countries, such as Ukraine and Bulgaria are also interested in it. Some countries even offer to build the gas liquefying terminals on their territories, but the proposals will be considered after AGRI implementation," Abbasov said.
On September 14, 2010 in Baku SOCAR, Romgaz and GOGC signed a memorandum of mutual understanding between Azerbaijan, Romania and Georgia to establish a joint company to implement the AGRI project. The project envisages deliveries of liquefied gas from Azerbaijan to Romania via Georgia.-0-
Economics
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The Cabinet of Ministers of Azerbaijan has approved a new Unified Tariff Schedule to determine the monthly salaries of public sector employees financed through the state budget. This decision, outlined in Decree No. 540, comes into effect on December 26, 2024, and is aimed at standardizing wages in the public sector.
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On December 27, Azerbaijani President Ilham Aliyev has signed a decree to dissolve the Azerbaijan Industrial Corporation (ASK) and transfer its key assets to the Azerbaijan Investment Holding (AIH), marking a significant step in streamlining the management of state-owned enterprises. The decision, effective immediately, aims to address regulatory issues and enhance operational efficiency.
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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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