The activity of the main public auditor of the country will become more transparent with the adoption of the new law "On Chamber of Accounts". Today transparent is only its building at 33 Khagani Street, which was built on the site of the evicted newspaper Azadlig.
According to the report of the Chamber, the draft document has been submitted to the government offices and has become the subject of discussion at a meeting in Baku between the Accounts Chamber Chairman Vugar Gulmamedov and the mission of the World Bank project "Reporting in the corporate and private sectors» (CAPSAP). The parties also discussed the progress of the various components of the project, in particular by providing advisory services in the implementation of the Chamber’s strategic plan for 2012-2014, as well as in improving the legislation.
The media noted that the draft CAPSAP is nearing completion.
The current law "On the Accounting Chamber" was adopted in 1999. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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