Annual financial reports will include an analysis of gaps
Local companies will be on the new annual reports on financial performance. In the preamble of the document will be analyzed the priorities , reasons for failure of certain products and solutions to problems. The Accounting Chamber of Azerbaijan (ACA) will see to it within the framework of CAP / SAP World Bank.
As stated by the country's chief auditor, checking efficiency is provided by the Terms of Reference approved by the special committee and then by the Board in accordance with ACA component "Promotion of the Strategic Development Plan of the Chamber of Accounts for 2014-2015" long-term project CAP / SAP.
The main contractors are KOSI Corporation Ltd, Turkey Accounts Court (Supreme Audit Authority) and the company Central Audit Azerbaijan.
Task performance is now at the stage of selection of two pilot projects with the participation of consortium of ECORYS Netherland BV, ARPA and the organization of CIPFA. They are responsible for helping in the implementation of performance audit.
The Consortium has presented new rules for inspections of business entities. The new component of the project CAP / SAP has been implemented since July 2013 . - 17D-
Economics
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Rashad Huseynov has been appointed as the new director of the Center for Agricultural Research under the Ministry of Agriculture, replacing Firdousi Fikretzade who led the center since 2019. Fikretzade stepped down from his position on June 10 at his own request.
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Since July 1, bus and metro fares have increased by 10 qəpik, reaching 50 qəpik. The fare for buses on the Baku-Sumgayit route has risen from 60 qəpik to 70 qəpik. However, it is reported that there has been no improvement in service quality following the price increase. According to complaints, air conditioners are not working on buses operating in the periphery, and overcrowding persists.
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Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), held a meeting with Bojan Kumer, Slovenia's Minister of Environment, Climate and Energy, to discuss bilateral cooperation in the energy sector.
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Azerbaijani Energy Minister Parviz Shahbazov met with a delegation led by the World Bank's Regional Director for the South Caucasus, Roland Price, to discuss the development of cooperation in the energy sector.
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