The Accounting Chamber of Azerbaijan at a meeting on November 15 discussed the audit program spending of government funds allocated to the Goychay department of the State Fund of Social Protection .
In addition, the audit plan was approved to check the costs of the State Agency of Alternative and Renewable Sources of Energy, the Greening Economy Union of the Executive Power of Baku, as well as the country's embassy in China.
Proceedings of the report on the expenditure of funds allocated to Azeristiliktadzhhizat (Heat Supply of Azerbaijan) are directed to the Milli Majlis.
The Accounting Chamber of Azerbaijan, reporting to the parliament, has been in force since December 7, 2001 as the body that controls the budget flows of the AR.
Leading employees (members of the Board, which consists of a chairman, his deputy and seven auditors) are elected every 7 years.
Accounting Chamber of Azerbaijan is usually limited to general statements about the board meeting, without giving specific figures and data. According to Article 6.0.3 of the Law of Azerbaijan "On receiving information" (" Basic principles of information"), the disclosure of information on budget revenues and expenditures is the responsibility of government agencies, including the Chamber of Accounts. - 17D-
Economics
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The European Commission views Azerbaijan's increasing gas supplies to Europe as a highly beneficial alternative source for ensuring the EU's energy security, said European Union Energy Commissioner Kadri Simson in an exclusive interview with Turan during her visit to COP29 in Baku.
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The State Oil Company of Azerbaijan (SOCAR), which joined the global Oil and Gas Methane Partnership 2.0 (OGMP 2.0) earlier this year, hosted a forum on November 15 within the "Green Zone" of COP29. The event, titled "OGMP 2.0 Leadership Forum," brought together key stakeholders to discuss progress and prospects for methane emissions reduction in the oil and gas industry.
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Simon Stiell, Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC), highlighted the urgency of climate financing discussions ahead of his visit to the G20 summit in Rio de Janeiro from November 17-20. Stiell, speaking before departing from Baku where the 29th session of the UNFCCC is currently underway, underscored the pivotal nature of the negotiations taking place.
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The State Oil Company of Azerbaijan (SOCAR) is strengthening its presence in Bulgaria's gas distribution sector, aiming to capture 7.5% of the market by the end of 2024. Currently, SOCAR supplies half of Bulgaria's natural gas needs and plans to further increase its market share through strategic partnerships and expanded distribution.
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