Peak of plundering the state budget through the development of the volume allocated to the state capital investments for 2015 will have.
According to forecasts of the Ministry of Finance on the expenditure side of the budget for the following year, the volume of investments will reach a record 6,930 mln. AZN (+ 10.7% to the forecast for this year).
According to the forecasts for the years 2016-2018, reduction of investments is planned for this position. Thus, in 2016 the volume of capital investment is projected at 6.2 billion AZN, in 2017 - 5.8 billion AZN, and in 2018 - 5.4 billion manat.
Azerbaijan allocates annually over 6 billion manat for development of investment projects. No ministry or agency reports them to the public and Parliament. --17D-
Economics
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Azerbaijan’s COP29 Operating Company is advancing green energy initiatives with partners to power the Baku Olympic Stadium, host of the upcoming COP29 climate summit, and to promote sustainability across Azerbaijani regions.
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Azerbaijan's car market has shown mixed trends in 2024, with a sharp drop in the volume of imported vehicles but a rise in overall import costs, according to data for the first nine months.
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Azerbaijan’s real estate market, particularly in Baku, continues to see significant price growth in 2024, with apartment prices up by 9.2% in the first nine months of the year. The trend is largely driven by supply shortages, inflation, and rising demand from investors, according to market analysts.
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The Small and Medium Business Development Agency of Azerbaijan (KOBİA) has focused its support efforts on the Baku economic region, approving 220 business plans from January to September 2024, underscoring its commitment to fostering business growth within the country.
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