Azerbaijani Central Bank in the first quarter said a negative balance of payments of the country.
According to its statements, the current account deficit by April 1 amounted to $ 432.151 million, driven by the export of capital out of the country. Without taking into account this factor, the deficit would be much less - at the level of $ 77,740,000. Basic capital outflows culprit is the oil and gas sector, which accounts for $ 384,336,000 withdrawn for the implementation of international initiatives.
Recall, as of 1 April last year, the trade surplus amounted to $ 621 million 706 thousand (including $ 1 billion 552 million 333 thousand in oil revenues). --17D-
Economics
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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.
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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.
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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.
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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.
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