At the meeting of the Accounting Chamber of Azerbaijan on May 15, it decided to check out the intended use of state capital investments allocated Hajigabul region Executive Power
As stated in the official report of the chief fiscal body of the country, the Chamber will also conduct audits targeted use of public funds allocated to the Office of Education and the Office of Culture and Tourism of the city of Sumgait.
Recall that ACA last year arranged 75 targeted audits in the country, in all cases to find the composition of financial crimes. The outcome of the raids was sent to the Prosecutor General and to the Parliament.-
Accounting Chamber of Azerbaijan, as a rule, is limited to generalities about the board meeting, without giving specific figures and data. According to Article 6.0.3 of the Law of the Republic of Azerbaijan "On receiving information" ("Basic Principles of obtaining information"), the disclosure of budget revenues and expenditures is the responsibility of government agencies, including the Chamber of Accounts.-17D-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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