At a meeting of the Accounting Chamber of Azerbaijan on May 21 there were approved test results of targeted use of state capital investments allocated to the central office of the Ministry of Agriculture. According to Turan, the former chairman of the general public auditor and current agriculture minister Heydar Asadov asked his protégé about it.
Also, there was explained earmarked spending of Azerelektrikshebeketikinti JSC as well as in the central hospital and the department of culture and tourism in Barda. Materials on the last three items are summarized and sent to investigate not only in Parliament but also the bodies of state supervision, including the prosecutor.
The Chamber will also supervise the activities to protect the environment in Azerbaijan. This is an innovation in the ACA activities. The program of supervisory activities carried out in the Department of Environmental Protection of the Ministry of Ecology and Natural Resources.
The 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 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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