Today at the International Press Center there was an award ceremony of the press reporters in the competition on the effective control of the budget.
The project supported by the European Union, the coalition undertook several NGOs, including the Public Association for Assistance to Free Economy and the Foundation for the Support of the market economy.
According to the head of the operational sector of the European Union to Azerbaijan Federico Bern, the annual growth of the local economy requires not only government agencies, the Milli Majlis and the Chamber of Accounts, but also civil society seriously the problems of transparency of revenues and expenditures of the state budget. In Europe, which is experiencing a financial crisis, the limit tax deductions for all business groups exceeded 40%, most wealthy citizens deduct a higher percentage. Thus all realize the priority of public interest, not hiding profits from fiscal organizations. The representative of the European Union wished to all countries wishing to European model of development, manifested the same solidarity officials and entrepreneurs with society.
According to the chairman of the Public Association "Assistance to Free Economy" Zohrab Ismail, in this year's competition was a little journalistic work, but in all materials disclosed government secrecy and government agencies to query editors and representatives of civil society. Due to the creative and stylistic flaws in investigations (no hero with an attractive history, too long texts, repeated statistics) it was decided not to award the first prize. Eight works were awarded cash prizes - two second places at 480 manats and five third places at 320 manats.
The competition features works in which sounded absolutely closed the financing of public monopolies, as well as objects in investment projects. The range of publications that have agreed to publish "compromising" on the government narrows from year to year. This year the contest is presented with the radio and newspaper Azadlig, the newspapers Yeni Musavat and Bizim Yol, as well as the sites www.mediaforum.az and www.var.az - 17D-
Economics
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Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
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The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
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At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
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This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
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