Last year, the external debt service the Ministry of Finance has been allocated AZN 632.7 million of budgetary funds, the report of the Cabinet of Ministers. Taking into account the inflation rate is twice less than a year earlier ($ 457.7 million.).
Of the total amount equivalent to AZN 440 million went to service the principal debt, 192.7 million manat -. On the accrued interest.
Total government has spent on the development of the loans under the state guarantees $ 823.6 million last year., Including for the development of the volumes of infrastructure (roads, water supply and sanitation, irrigation, etc.). --17D-
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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