The founder and Board member of the non-governmental Centre for Economic Research (CER) Gubad Ibadoglu has been elected a member of the international board of Transparency Initiative in the mining industry. In this role he will last 2 years - until the next election.
For the first time a representative of Azerbaijan joined the management level organization that unites 160 countries, non-governmental organizations. This will work more closely with the government and promptly inform the world public about the rate of initiation of the local government to the international initiatives on transparency.
Under the terms of the mining industry, the government and specialized companies, for equitable distribution of income and in compliance with environmental balance, disclose the income statements, the basic position of the concluded agreements, have a policy of social responsibility, as well as openness to the local and international community in the face of non-governmental organizations.
In Azerbaijan mining industry is one of the most closed positions in the economy. Investment costs that are attached to the budget of the country, for the most part fall on the mining sector. - 17D-
Economics
-
Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
-
Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
-
The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
-
There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
Leave a review