РБК
The maximum limit of domestic public debt has increased threefold.
Yesterday an order was issued by President Ilham Aliyev on the occasion of changes in the law "On State Budget for 2015", according to which the upper limit of this indicator increased by 3 billion AZN.
The approved version of the law before was 1.5 billion, while now it is 4.5 billion manats. The amendments are to finance health measures in preparation for the privatization of the shares of OJSC International Bank of Azerbaijan, currently state-owned. It was noted earlier that the authorized institution (JSC Aqrarkredit) has issued bonds under the state maintenance.
Recall the issue prospectus of interest covered bonds referred to non-bank credit organizations in the amount of 3 billion manats was registered on September 1 the State Committee for Securities.
That is, the problem assets will be gradually eliminated from the balance of the IBA in exchange for liquidity, which will be provided by the Central Bank of Azerbaijan, which has already transferred AZN 2 million from the envisaged amount to the account of the IBA. --17D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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