Today began a meeting of the Milli Majlis, where the main issue on the agenda is the discussion of the draft state budget for 2016 and related bills.
As the Chairman of the parliamentary committee on economic policy Ziyad Samadzade told the MPs, they have offered the government to extend the powers of the Central Bank of Azerbaijan Republic to collect information on private sector external debt. The legislative initiative comes from the President Ilham Aliyev, stressed the speaker.
The systematic analysis of the situation with foreign debts of local companies "will help to see the whole situation with the debt in the country and to improve the quality of the balance of payments," he said.
Recall the guaranteed foreign debt of Azerbaijan in January-June increased by 1.5% to $ 6.6 billion. According to the Finance Ministry, the external debt by the end of H1 was 12.2% of GDP and $ 685.6 per capita. --17D-
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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