The management of resource revenues is important for post-Soviet countries, Azerbaijan and Kazakhstan as the oil-producing states should consider this factor.
This was the main topic of the 3-day workshop in Almaty, organized by the Center for Eurasian knowledge and training about the mining industry, Khazar University with financial support from the Institute of revenue control (ICD - USA).
Azerbaijani coaches (Econ. Gubad Ibadoglu, head of the Public Finance Monitoring Center Inglab Akhmedov and director of the regional structure of the ICD Ghalib Efendiev) told local leading economists from Astana, Semipalatinsk, Almaty and Shymkent on international experience in this field.
The participants were offered a variety of modules studies of the impact of fiscal rules and the factors on the foundations of social welfare.
It was decided t* promote the dissemination of knowledge t* announce the Small Grants Program, with local media. - 17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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