The state budget in 2016 does not add funds from privatization of state property.
As the Azerbaijani Minister of Finance Samir Sharifov told the media, serious replenishment associated with the May presidential decree on additional measures and new rules to improve industry is expected in January next year. "Now we fulfill all the requirements under the decree to start the application of the new system," said the official.
According to the decree of the President, the government should develop a new draft law "On privatization of state property" by August 1, according to which the State Committee for Property Affairs will report annually the list of objects offered for sale in the budget package.
In addition, the document has suspended all decisions on privatization in the second state program, on which the deals have not been signed. Now, a new list of objects owned by the state has to be prepared in three weeks. --17D-
Economics
-
According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
-
The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
-
Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
-
Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
Leave a review