During his visit to Baku Executive Director of the Asian Development Bank Anthony Baker discussed on September 11 in Baku, the implementation and financing of projects implemented in Azerbaijan water supply and sanitation.
The Department of Public Relations of JSC Azersu told Turan that the president of the water distribution company Korkmaz Huseynov and the bank's representative commended the contribution of ADB's water infrastructure in Azerbaijan.
ADB financed jointly with the Azerbaijani government project "Water supply and sewerage services" and "Urban water supply and sanitation." These projects are carried out in Goychay, Agdash, Beylagan, Aghjabadi and Balakan regions. The size of the ADB loan for the first three areas is $ 70 million. In 2012-2013 from the state budget there was allocated 9 million manat. It is noteworthy that the government is funding the reconstruction of water supply and sanitation since 2009, and in 2009-2010 spent to this end, 13 million manat. Construction and installation work in these areas continues.
In JSC Azersu they reported that work on the Aghjabadi and Balakan districts is in the preparatory phase, although according to the NGO coalition National Budget Group (www.budget.az) in 2009-2013 to improve the water supply and sewerage system in these two areas, and Beylagan the government allocated 11 million manat.
In 2013, the government investment from the state budget for the development of water infrastructure will amount to 734.4 million manat. This is to 154.4 million manat more than last year. - 08D-
Economics
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The Caspian International Investment Company JSC ended 2023 with a net loss of 557,000 manats, a significant improvement compared to the previous year, when losses were four times higher. The company's pre-tax losses for the year amounted to 264,000 manats, 11 times lower than in 2022, while income tax payments of 293,000 manats highlighted the efficiency achieved through strategic fiscal management.
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The 24th Republican Beekeeping Exhibition and Fair opened in Baku on Monday, with around 120 tons of honey products on sale. The event features the participation of 275 beekeepers from 39 districts across Azerbaijan and will run until September 29.
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BAKU, Sept 10 (Reuters) – The "Chain Reaction 2024" conference commenced in Baku on September 10, bringing together leaders and innovators from across the technology sector. Organized by FARI Solutions in collaboration with the Center for Analysis and Coordination of the Fourth Industrial Revolution and the Innovation and Digital Development Agency, the event is supported by Binance, the world's largest cryptocurrency exchange.
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The Azerbaijani government has amended its financing mechanism for higher education institutions, according to a decree issued by Prime Minister Ali Asadov on September 6. The changes update annual education costs for students in various academic levels and fields, including bachelor’s, master’s, medical, and doctoral programs, under state orders.
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