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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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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