In January-August this year, investments in fixed assets in Azerbaijan amounted to 8.4 billion manat. This is a 28.4% increase over the same period of 2011. Each 44 of 100 manat was aimed at building sector accounts for capital expenditures from the state budget.
According to the committee, the share of domestic investment in capital construction from the beginning of the year was 76.9%. While domestic investment rose by 34.6%. It should be noted that, apart from the state budget for the implementation of investment projects, financing of such measures (improvement of cities and regions, the construction and reconstruction of roads between villages, etc.) are orders of the head of state from the Reserve Fund of the President in the State budget. Donor of the construction is also the State Oil Fund of Azerbaijan.
This year, houses with total area of 1,068,000 sq m were put in operation. -08D-
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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