BAKU/04.12.13/TURAN : Next year Azerbaijan will allocate maintenance of the main external debt of almost half a million ( 492 million 647.7 thousand ) manats . This is 2.2% more than forecast in 2013 .
In the State budget for next year total cost of external debt service provided at the level of 697 million 229.6 thousand manats ( this year - 647 million 229.6 thousand manats) .
The following year, only the cost of the service principal amount to 492 million 647.7 thousand manats and interest payments - 204 million 581.9 thousand manats.
The share of service costs principal amount of 70.7 % , interest on external debt will be 29.3% (this year - 74.5% and 25.5 %, respectively) .
By the second half of this year, direct and guaranteed external debt of Azerbaijan is $ 5 billion 527.3 million manat - 7.9 % of GDP. - 17D-
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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