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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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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