In 2017-19 it is expected to invest in the basic direction of the economy 12 billion 688 million 141 thousand manats. According to the government, in a relatively short term, more than half (6 billion 997 million AZN) will be spent from the state budget, foreign loans of 2 billion 654 million will be received and 3 billion 37 million 141 thousand mantas will be spent from the State Oil Fund.
Once again is declared the highest priority of infrastructure projects, which are planned to spend 10 billion 799 million 61 thousand manats, including more than half of it - 5.64 billion at the expense of budget expenditures.
In the segment of social security will be invested, according to preliminary calculations, 1 billion 244,900,000 and in the defense and security services - 3 billion 262,360,000 manats.
The investment program of 2017 is presumably estimated at 4 billion 521 million 885 thousand, in 2018 - 4 billion 824 960 000, in 2019 - 3 billion 341.3 million manats. --17D-
Economics
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Russia and Iran have agreed on a gas pipeline route passing through Azerbaijan, according to Russia’s Energy Minister Sergey Tsivilyov. The Russian minister stated that the parties are in the final stage of negotiations, and the volumes have already been determined. According to Tsivilyov, Iran’s agreement with Russia’s Gazprom for gas supply via Azerbaijan is currently estimated at over 2 billion cubic meters annually. However, future supplies could increase to 55 billion cubic meters per year.
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On January 20 during the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan engaged in a strategic dialogue with Nick Studer, CEO of Oliver Wyman Group.
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During the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan met with Jared Cohen, President of Global Affairs at The Goldman Sachs Group, Inc. The meeting underscored the ongoing collaboration between Goldman Sachs and Azerbaijan's financial institutions, notably the Central Bank of Azerbaijan and the State Oil Fund.
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At the World Economic Forum in Davos, Azerbaijan's Minister of Economy, Mikayil Jabbarov, participated in the session titled "Leaders’ Circle: Financing the Energy Transition – A New Horizon." Jabbarov emphasized discussions on existing opportunities and major challenges in achieving successful energy transformation, underscoring the critical importance of financing the energy transition.
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