The Accounting Chamber of Azerbaijan (ACA) at the meeting of September 18 this year, confirmed the results of audits and audit programs for a number of budget organizations.
As stated in the official report of the entity, the main part of the discussion was devoted to violations of centralized spending by the Azerbaijan University of Languages. They identified cases of abuse of authority by the responsible employees of the university. The embezzlement was so severe that, in accordance with the Decree of the Head of State to strengthen the fight against corruption in the management of state and municipal property (№ 103, dated June 22, 2009) and the Law "On the Accounting Chamber", the collected materials were sent to the Prosecutor General of Azerbaijan.
The results of inspections that revealed financial crimes were directed to the university administration and the Ministry of Education of the Republic. In addition, in accordance with Article 19.7 of the ACA Internal Charter, the corresponding representation was sent to the parliament.
The meeting also discussed the progress of the project "Development of social assistance", implemented by the Ministry of Labor and Social Security with the assistance of the World Bank loan.
The details were not clarified by ACA. The organization's representative told Turan that the amount of violations, if it is agreed with the President and the Board of the entity, will be released during the spring session of the Parliament. Recall that this year tests were carried out in other organizations with large revenues and costs than in the said university. But no official reports of embezzlement, for example, in traffic control departments were ever released.
ACA is generally limited to general statements about the Board meeting, without giving specific numbers or data. According to Article 6.0.3 of the Law of Azerbaijan "On receipt of information" ("The basic principles of information"), the disclosure of information on budget revenues and expenditures is the responsibility of government agencies, including the Chamber. - 17D-
Economics
-
S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
-
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.
-
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.
-
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.
Leave a review