The Azerbaijani government plans to allocate next year only from the state budget of 1.3 billion manat for the upcoming First European games. The presentation of the presentation of the execution of the state budget, published on the site of the Ministry of Finance, reads that expenditure item is called "funding the development of sports infrastructure for the Games, organizational and other works." Total public capital expenditures in the state budget of Azerbaijan for 2015 is provided in the amount of 6 billion 930 million manat.
First European games will be held in Baku on 12-28 June, 2015. As previously reported, the competition in nine sports will have a license nature for the next Summer Olympic Games to be held in 2016 in Rio de Janeiro. They are archery, athletics, beach volleyball, cycling, shooting, swimming, table tennis, taekwondo and triathlon. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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