In 2014, the government expects to pay off the state budget debts of state businesses for a total of 324 million manat, which is 1.6 % of budget expenditures.
According to the Government draft budget package this year, funding debts of enterprises and organizations through the Foundation to ensure the state debt is not carried out. In the previous year, these costs were 92.5 million manat.
In 2012, the Fund's secured debt under the government guarantee was restored by creditors at 5 852.1 thousand manats.
The Ministry of Finance does not disclose which state the company is a customer of funds from the above fund. It is known that in recent years due to the state guarantee was bought a lot of airships for the state airline CJSC Azerbaijan Airlines. However, the airline does not publish annual financial reports. Statistical data provided by the State Statistics Committee show that it is working with big losses. - 08D-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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