The coming check by the Accounts Chamber of Azerbaijan (ACA) will regard the expenditure of targeted funds allocated by the government to JSC Azerkosmos.
According to the report of the main fiscal supervisor, the auditors will also review the direction of attracting credits and extrabudgetary funds, the return of loans, as well as the intended use of state property. Checking the space agency established in 2010 was initiated by the ACA for the first time.
In addition, designated is a check of the Agstafa region executive power and the enterprises, offices and organizations owned by the Executive Power of Sheki for targeted use of budget funds allocated for housing. Moreover, scheduled is an inspection of public health services that are subordinate to the Department of Health of Sumgayit for forecasting and the use of funds allocated to them from the state budget .-- 17D-
Economics
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Azerbaijan’s COP29 Operating Company is advancing green energy initiatives with partners to power the Baku Olympic Stadium, host of the upcoming COP29 climate summit, and to promote sustainability across Azerbaijani regions.
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Azerbaijan's car market has shown mixed trends in 2024, with a sharp drop in the volume of imported vehicles but a rise in overall import costs, according to data for the first nine months.
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Azerbaijan’s real estate market, particularly in Baku, continues to see significant price growth in 2024, with apartment prices up by 9.2% in the first nine months of the year. The trend is largely driven by supply shortages, inflation, and rising demand from investors, according to market analysts.
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The Small and Medium Business Development Agency of Azerbaijan (KOBİA) has focused its support efforts on the Baku economic region, approving 220 business plans from January to September 2024, underscoring its commitment to fostering business growth within the country.
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