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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Last year, Azerbaijan's exports fell sharply. In 2024, the country's exports amounted to $26.55 billion, while imports stood at $21.06 billion. The positive trade balance was $5.50 billion, according to the State Customs Committee (SCC).
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The final investment decision (FID) for the construction of the Shafag Solar Power Plant (SPP), based on a feasibility study, is expected in 2025, BP Vice President for the Caspian Region Bakhtiyar Aslanbayli told journalists on Friday.
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BP Plc plans to start gas production from the deep gas reservoirs of the Azeri-Chirag-Gunashli (ACG) block by the end of 2025, BP-Azerbaijan's head of press service, Tamam Bayatly, told reporters.
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In a strategic move to bolster innovation and technological advancement, Azerbaijan’s İRİA (Innovation and Digital Development Agency) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understanding (MoU). The agreement aims to deepen economic, industrial, scientific, and technological collaboration between the two countries.
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