Investment of the government in infrastructure projects in the Nakhchivan Autonomous Republic in the last year amounted to 262.5 million manat.
According to the Law " On the performance of Azerbaijan's state budget for 2013," adopted at the final plenary session of Milli Majlis in this direction there is a twofold increase in budget expenditures (in 2012 130.2 million was allocated).
The funds were spent on the construction of Arpachai Ordubad hydropower and on the reconstruction of water and sewer systems, including in Nakhchivan, the road reconstruction Nakhchivan - Shahbuz - Batabat and Julfa - Ordubad. Actual construction was in the Nakhchivan Republican Hospital and in the main gas pipelines - Sederek - Nakhchivan and Nakhchivan - Shahbuz, as well as some other projects. - 17D-
Economics
-
Azerbaijan’s Milli Majlis ratified the second amendment to the agreement on the joint development of the Azeri-Chirag-Gunashli (ACG) oil and gas block during its plenary session on Wednesday. The bill was submitted to parliament as a legislative initiative by President Ilham Aliyev.
-
The 104th meeting of the Commonwealth of Independent States (CIS) Economic Council was held in the Russian capital, with representatives from member states discussing enhanced economic collaboration and key regional initiatives. Azerbaijan was represented by First Deputy Prime Minister Yagub Eyyubov.
-
Azerbaijan’s Information and Communication Technologies Agency (IKTA) reported significant improvements in the quality of internet and telecommunications services in the first half of 2024, driven by a comprehensive assessment framework and enhanced regulatory measures.
-
In 2024, Azerbaijan will double its gas supply to Bulgaria, which not only uses this gas for its own needs but also partially sends it to its Balkan Gas Hub and, by agreement with SOCAR, organizes the transit of various volumes to its neighbors.
Leave a review