Baku / 18.12.17 / Turan: Azerbaijan is a financially reliable partner and fulfills all the responsibilities assumed, President Ilham Aliyev said at a meeting with Keiko Honda, Executive Vice President and General Executive Directors of the Guarantee Agency of Multilateral Investment, a member of the World Bank Group. The President expressed his gratitude to the World Bank for consistent support to economic reforms in the country.
Ilham Aliyev noted that the agency supported very important investment projects implemented in the country by foreign investors, including the project of global significance "South Gas Corridor".
The head of state said that the project "South Gas Corridor" covers a large geography and is important for the region. At the same time, Ilham Aliyev assured the guest that the work on the TANAP project will also be realized according to the schedule.
In her turn K.Khonda informed that they closely follow the economic reforms in Azerbaijan and highly appreciate them. According to her, Azerbaijan has left behind economic difficulties. -71D-
Economics
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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The management of the Baku Metro often announces projects for new underground lines and stations, but official information never includes data on the cost of laying a kilometer of track or building specific metro stations. Journalists sometimes obtain details from unofficial sources, raising doubts about the reliability of such information. For instance, in 2021, an unofficial government source reported a cost of 60 million manats for planned construction of a single station on the Purple Line. This figure excluded finishing works, installation of communication lines, electronics, escalators, and elevators.
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The Milli Majlis (Parliament) of Azerbaijan began discussions on Monday regarding the draft state budget for 2025, which projects expenditures of AZN 41.368 billion.
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