The state budget for next year provided 1,336 mln. manat for financing activities in preparation for the first European Games. The law "On State Budget for 2015", approved by the President, indicated that figure, though in practice usually spend twice as much.
The item of expenditure is justified "financing the development of sports infrastructure for the Games, organizational and other works." In general, the state capital investments in Azerbaijan's state budget for 2015 include 6 930 million manat.
The European Games will be held in the capital and several other cities of Azerbaijan on 20 different sports, 16 of which are Olympic. --17D-
Economics
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Kazakhstan’s budget airline FlyArystan has launched ticket sales for the Baku-Astana-Baku route ahead of the summer travel season, the airline’s press service said on Monday.
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In late February, the governments of Pakistan and Azerbaijan are expected to sign an investment agreement worth $2 billion, which will include several projects with SOCAR (State Oil Company of Azerbaijan). According to Turan, the energy cooperation projects discussed in January in Islamabad and Baku will feature in the agreement. These projects include energy efficiency initiatives, the construction of a pipeline, and SOCAR’s plans to explore the creation of underground gas storage facilities in Pakistan, as well as documents provided by the Pakistani side related to the exploration and extraction of hydrocarbons in the country.
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Azerbaijan continues to face an acute water shortage that affects both drinking and irrigation supplies, a problem that, despite frequent media attention, remains unresolved. Farmers are particularly feeling the pressure.
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BAKU, Feb 3 (Reuters) - Representatives from Azerbaijan’s State Tax Service (STS) participated in the latest session of the working group on tax, customs, and legal issues hosted by the German-Azerbaijani Chamber of Commerce.
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