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Regular meeting of the Chamber of Accounts
The meeting of the Accounting Chamber of Azerbaijan on 5 June approved test results of the targeted use of state capital investments allocated for Geological Survey of the Ministry of Ecology and Natural Resources. In addition, they announced the figures of the audit in the Executive Power of the Geychay and Zerdab areas. Materials of the checks were sent to the Parliament.
In addition, the Ministry of Health will be checked for disbursement under the implementation of the state program of socio-economic development of Baku and suburban settlements in 2011-2013. In the structure of the Baku Executive Power the Supreme State Audit was subjected to the housing and communal services for the activities of its operating management of urban roads, as well as structures subordinated to the Sabunchu district.
The Accounting Chamber of Azerbaijan, as a rule, is limited to reporting generalities about the board meeting, without giving specific figures and data. According to Article 6.0.3 of the Law of the Republic of Azerbaijan "On receiving information" (Basic Principles of information), the disclosure of budget revenues and expenditures is the responsibility of government agencies, including the Chamber of Accounts. - 17D-
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- Social
- 9 June 2014 11:57
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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