Till the end of 2015 Azeristiliktajhizat open-type joint stock company (SJC) (state heat operator) will pay Azerigas (SOCAR’s gas distribution company) 5 million AZN as repayment of the debt for natural gas purchased last year, Akper Hajiyev, Azerigas President, told journalists.
“In 2015 Azerigas sold natural gas worth 13 million AZN to Azeristiliktajhizat. Total debt of Azeristiliktajhizat to Azerigas for this year is about 8.4 million AZN, of which 3 million AZN has been already paid and 5 million AZN will be paid till the end of December,” Hajiyev added.
He also said that the issue of repayment of the debt to Azerigas for gas purchased between 2011 and 2014 has been fully solved with Azeristiliktajhizat. We have worked out the schedule of the debt repayment and natural gas supply to all boiler houses of the company has been ensued,” Hajiyev added.
Total debt of Azeristiliktahjiizat to Azerigas is 43 million AZN, of which 33.5 million was accumulated between 2011 and 2015.—0—
Economics
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Azerbaijan Caspian Shipping Company (ASCO) has resumed regular cargo and passenger transportation after severe weather conditions disrupted operations in the Caspian Sea, the company said on Monday.
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Azerbaijan can overcome the so-called "middle-income trap" by increasing investments, improving the investment environment, and enhancing knowledge and skills, Deputy Minister of Economy Samad Bashirli said in Baku at the presentation of the World Bank’s Global Report World Development Report – 2024 (WDR).
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Countries in Europe and Central Asia must not only attract investment but also actively adapt and disseminate technology to ensure sustainable economic growth, according to Ivailo Izvorski, Chief Economist for the region at the World Bank. Speaking at the presentation of the World Development Report 2024, Izvorski highlighted structural issues that are slowing down private sector development.
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Azerbaijan is now among 54 middle-income countries, said Shahmar Movsumov, Head of the Department for Economic Affairs and Innovative Development Policy at the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku.
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