From today (26 January), the new system of financing expenditures of education enterprises subordinate to local education authorities at the Ministry of Education will take effect.
Pursuant to the Presidential Decree on the application of the state budget for 2016, rules were adopted for the financing of enterprises by the formation of zonal centers of financial settlement at the Ministry of Education.
The main novelty is that the procurement of goods (works and services) for the formation of local enterprises will be carried out by the Capital Construction and Supply Office at the Ministry of Education. On the basis of annual procurement requirements will be carried out in accordance with the law of Azerbaijan "On public procurement" in a centralized manner.
It should be noted that until 2016 the local education departments enjoyed financial independence and procured directly. In the press there were numerous incriminating articles, which alleged that the purchases were made at higher prices, and the suppliers of goods (works and services) were dummies. -----08D
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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