The third meeting of the Special Unit of the International Organization of Supreme Audit Institutions (INTOSAI) on the audit of public procurement will be held in Baku in 2016.
According to the report of the Accounting Chamber of Azerbaijan, it was announced in the second meeting in Moscow. Recall INTOSAI was established at the initiative of the Russian Audit Chamber and the Main Control Directorate of the US. Its activities are aimed at developing universal approaches and procedures for the audit of public procurement and are based on the potential of the SAIs that have best practices in this field.
The Special Unit aims to analyze the international experience and methodological basis of the organization and conduct of audit in the area of ??procurement, to develop standards of public procurement on the basis of the results of the international auditing, to work out handbooks on the audit of public procurement in specific sectors and areas, and to create an integrated training base. --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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