According to the published (http://www.audit.gov.az/uploads/Hesabat_illik_2015.pdf) report of the Chamber of Auditors of Azerbaijan, last year the number of contracts decreased over the year from 3,487 to 3,094 (by 11.3% or by 393 units), while the total orders rose in price from 46.7 million to 49.11 million manat (+ 5.2%).
Thus, of the 64,958 subjects, subject to mandatory audit (61,485 LLC, 1,742 JSC, 1,607 municipalities, 43 banks, 54 political parties, and 27 insurance companies), only 2.7% underwent audit last year, which was 0, 2% lower than a year earlier. --17D-
Economics
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In a strategic move to bolster innovation and technological advancement, Azerbaijan’s İRİA (Innovation and Digital Development Agency) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understanding (MoU). The agreement aims to deepen economic, industrial, scientific, and technological collaboration between the two countries.
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BP, on behalf of its partners in the Azeri-Chirag-Gunashli (ACG), Baku-Tbilisi-Ceyhan (BTC), Shah Deniz, and South Caucasus Pipeline projects—including SOCAR, TPAO, LUKOIL, SGC, NICO, MOL, INPEX, ExxonMobil, ITOCHU, ONGC Videsh, Eni, MVM, and TotalEnergies—has announced the successful conclusion of the latest round of the "Skills for the Future" educational project, launched in 2023.
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BP-Azerbaijan, the operator of Azerbaijan's flagship Shah Deniz gas field, has unveiled plans for the construction of a new platform, marking a significant step forward in the development of the field. This project is effectively a third phase in the exploitation of one of the Caspian Sea's largest energy reserves.
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Azerbaijani President Ilham Aliyev issued a decree on Thursday introducing amendments to several previous presidential orders concerning state administration and reconstruction services in the country’s liberated territories. These changes aim to enhance operational efficiency and clarify responsibilities for the management and restoration of these regions.
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