The company Central Audit has become a consultant to the State Committee for Property Affairs (SPC) to prepare proposals on Financial Rehabilitation in the opened the privatization of state enterprises. It is reported by the State Procurement Agency (SPA).
The tender results were made public on the website of SPA. SPC repeatedly conducted similar contests , but never informed the public about those businesses that need financial recovery . In its annual and quarterly reports, committee does not provide information about businesses that have improved their condition prior to the privatization.
Information about Central Audit is also poor. What is known is that it did not pay the membership fee of the Audit Chamber of Azerbaijan for 2012 .
The state budget annually allocates several million manat to control losses associated with the activities of state-owned enterprises and their financial recovery. Just this year, for this purpose 10 million manta was provided. How SPC manages these means is unknown. - 08B-
Economics
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Azerbaijan and Iran are actively discussing the construction of a strategic railway line that will connect the East Zangezur Economic Region with the Nakhchivan Autonomous Republic, according to Rovshan Rustamov, Chairman of Azerbaijan Railways CJSC. Rustamov disclosed the details of these talks during his recent visit to Iran, where he met with Jabbar Ali Zakeri Sardrodi, head of the Iranian Railway Administration.
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Agricultural land in Azerbaijan's liberated territories may be leased to business entities through investment tenders. This is reflected in the draft law on proposed amendments and additions to the "Law on Land Lease." The document was discussed at the meeting of the Agrarian Policy Committee of the Milli Majlis (Parliament) on October 14.
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According to preliminary data released by the State Statistics Committee, as of October 1 of the current year, Azerbaijan's economically active population stood at 5.304 million people, of which 5.021 million were employed. These figures highlight the relatively stable labor market in Azerbaijan, as the same number appears in the data for the last three years.
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Azerbaijan witnessed a modest yet steady increase in nominal incomes in the first nine months of 2024, as incomes grew by 6.1% compared to the same period in 2023. This rise brings the total nominal income of the population to 61.587 billion manats, averaging 6039.2 manats per person. This is reported by the State Statistics Committee.
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