JSC Bank VTB (Azerbaijan) has summed up the announced public tender for the audit of the financial results of 2012 and quarterly reports in 2013 on the basis of International Financial Reporting Standards.
As reported in the bank, according to the decision of the tender commission, the winner was the international auditing company Ernst & Young. The external audit of the bank for 2009, 2010 and 2011 was carried out by Baker Tilly Audit Azerbaijan.
The Russian financial institution Bank VTB acquired a 51% stake in Azerbaijani AF Bank and made the necessary re-branding in 2008. -15D -
Economics
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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
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The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
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