For the first time Azerbaijan Municipality held a tender
The Municipality in the Badamdar settlement of Baku city became the first in Azerbaijan, which for the first time since the beginning of the formation in 1999, the country's Institute of Local Self-Government held a tender for the procurement of goods (works and services).
According to the State Procurement Agency, the company Delaney was the winner of the tender for the implementation of repair work on the plot in front of the house at 1 lane Oilers Avenue, 2. The cost of works is estimated in the amount of 49,960 manat. The minimum size for the tender is 50,000 manat.
In 2009, Azerbaijan was held reforming municipalities , bringing their number decreased from 2,757 to 1,718 .
In 2012, total revenue budgets of municipalities in Azerbaijan amounted to AZN 35,860,500 . This represents only 0.2 % of the revenues of the state budget for the same period . Half of the revenues to the budgets of local governments went on the content of their executive office . Independent experts say that the state is not interested in the development of the role of local government in the system of government and by all means limit their activity. - 08B-
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- Politics
- 23 September 2013 13:37
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- Question-answer
- 23 September 2013 14:53
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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