Parliament continues discussion of the draft budget
On Wednesday the Milli Mejlis continued the discussion of the draft budget for 2015. Vice Speaker Valeh Aleskerov assured MPs that 90 dollars per barrel noted in the draft budget is an objective price; noting fluctuations on the world market, Alesgerov assured that the country's budget will sustain a price of $70. "Azerbaijan's budget will stand, even if oil price falls to $70, our reserves allow it," said Aleskerov. Further, he hinted the need to invest in science, construction of small hydropower plants (HPP.). "Azerbaijan has become an exporter of electricity and the need to continue creating HPP, in particular, on Samur. HES help the country to save one percent of crude oil, which means 50,000 – 60,000 tons of fuel," he said.
MP from the Guba region Yevda Abramov called on the government to increase funding for the armed forces of Azerbaijan and NGOs, "to counter enemy propaganda outside." He further called for the implementation of the project roads Shamakha-Guba, which will link the northern and central region, and will have strategic importance, will quickly redeploy forces to the northern border. Abrams noted it is important to include funding of this work in the proper state program.
Then the deputy complained of the delay in the construction of the International Airport in Guba.
"Lands for these objects were collected from people, but they have not received the money. People say Russia opposes the construction of the airport. It is necessary to clarify this issue," he said. -02D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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