President Ilham Aliyev signed on July 20 a decree, according to which the budget of the Highways Trust Fund will be managed by state-run Azeravtoyol.
In 2015, highways, bridges and road facilities were transferred to the balance of Azeravtoyol JSC. The joint stock company itself derived from the Ministry of Transport. The financing of road construction and maintenance was carried out from the state budget, not by the Ministry of Transport, but by Azeravtoyol. The latest decision of the President to amend the decree "On creation of the Highways Budgetary Trust Fund" complements this process.
In 2016 the budget of the Highways Budgetary Trust Fund was approved at the level of 261 million AZN. The funds are spent mainly on road maintenance.
In 2015 the Fund’s budget was executed at the level of 290 million AZN, and in 2014 - at 214 million AZN. -08D-
Economics
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On January 21, during a meeting in Davos, Azerbaijani President Ilham Aliyev met with Henrik Poulsen, Chairman of the Supervisory Board of Carlsberg Group, and Jacob Aarup-Andersen, the company's CEO. The discussions emphasized Carlsberg Group's expanding presence in Azerbaijan and its commitment to developing local production and sustainability.
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In 2024, Azerbaijan's "Single Window" Export Support Center processed 1,747 requests from businesses and individuals, facilitating the issuance of 3,982 export certificates. According to Vusal Gasimli, Executive Director of the Center for Analysis of Economic Reforms and Communications, these efforts supported export operations valued at USD 288.2 million.
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Azerbaijan's Minister of Ecology and Natural Resources, Mukhtar Babayev, met with Fatih Birol, Executive Director of the International Energy Agency, during the World Economic Forum in Davos. The two discussed strategies for attracting investment in the transition to green energy and implementing agreements reached at the COP29 conference held in Baku.
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Azerbaijan’s Central Bank has outlined its commitment to maintaining inflation within its target range, as it projects stable inflation expectations for the coming years. According to a recent statement from the Central Bank regarding the parameters of its interest rate corridor, the current monetary policy is focused on keeping inflation within the target range and stabilizing inflation expectations.
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