The President of Azerbaijan Ilham Aliyev for the second time this year has allocated from his reserve fund in the State budget for 2012 funds to implement "additional measures to accelerate the construction activities and reconstruction in Baku."
The Executive Power of Baku in the end of the year received 10 million manat. The specific areas of the expenditure are not reported, as previous similar orders. In September of this year from a specified source the President allocated 20 million manat to the EP of Baku. .
To carry out major repairs of residential buildings, roads, owned by the executive authority of the capital, were allocated public investment of 327 million manat.
Since 2006 the Baku authorities received from the state budget for the resettlement of 816 million manat, experts say. This amount does not include funds allocated to the Ministry of Transport for the construction, repair of roads, bridges, crossings, etc.
The Cabinet has not yet ordered the allocation of public investment in 2013. It is expected that funding of the EP of Baku will be at least 300 million manat. - 08D-
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review