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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Данная инициатива направлена на цифровизацию процессов управления в сфере безопасности пищевых продуктов в Азербайджане, создание более эффективной и прозрачной системы за счет применения современных технологий.
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Azerbaijan’s President Ilham Aliyev has signed a decree confirming an agreement between the governments of Azerbaijan and Russia aimed at boosting transit cargo shipments along the "North-South" international transport corridor.
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Consumer prices in Azerbaijan saw an overall increase of 2.1% in January 2025 compared to the previous month, according to the State Statistical Committee's latest report. Prices for food products rose by 2.4%, with vegetables and fruits among the most significant contributors, marking a 3.7% and 5.6% increase respectively. Non-food products and services saw a more modest rise of 1.1%, with the transportation sector and housing services experiencing slight hikes.
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On February 11, Azerbaijan opened a trade house in Punjab (northeastern Pakistan), an event described as "significant for strengthening bilateral relations between Azerbaijan and Pakistan" by Pakistani media. The opening ceremony, which involved the Finance Minister of Punjab, Mian Mujtaba Shuja-ur-Rehman, was attended by officials and marked an important step in economic collaboration.
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