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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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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