In the framework of the new cooperation agreement the Accounting Chambers of Azerbaijan and Russia have decided to share their experiences of the audit of large-scale sporting events such as the first European Games.
The head of the joint venture Tatyana Golikova at a meeting with her Azerbaijani counterpart Vugar Gulmammadov reported experiences in audit of budget spending on the example of the Sochi Winter Olympics - 2014.
During the meeting they discussed possible areas of future cooperation - from the exchange of practical experience to carrying out joint and parallel audits. If earlier the Azerbaijani side paid attention to the European experience, now it is interested in the study of the methodological base of the Russian control agencies.
The Accounting Chamber of Azerbaijan, accountable to the parliament, operates from December 7, 2001 as the authority controlling the flow of budgetary funds of Azerbaijan.
The executives (members of the Bar, which includes the chairman, his deputy and seven auditors) are elected every 7 years.
This structure is usually limited to generalities about the board meeting, without giving specific numbers or data. According to Article 6.0.3 of the Law of Azerbaijan Republic "On receipt of information" ("Basic principles of information"), the disclosure of information on budget revenues and expenditures is the responsibility of government institutions, including the Court of Auditors. --17D-
Economics
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This year, Azerbaijan has experienced a significant increase in passenger traffic: from January to November, 3,230,224 travelers arrived from 41 countries, marking a 32.9% increase compared to the same period last year. This growth, reported by the State Tourism Agency, underscores the country’s rising prominence as a regional tourism hub, particularly against the backdrop of ongoing restrictions on crossing land borders.
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The Azerbaijani government anticipates fluctuations in the production of propylene, a key raw material for plastics and related products, in the coming years. According to the country's socio-economic development forecasts for 2025-2028, production levels are expected to vary, reflecting the complexity of the chemical sector and its links to broader energy markets.
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Kazakhstan has achieved significant growth along the Trans-Caspian International Transport Route (TITR), with cargo volumes increasing by 68% and container shipments soaring 2.7 times during the first 10 months of 2024. These figures, announced by Kazakhstan's Minister of Transport Marat Kabaev during a regional development meeting in the Mangystau region, highlight the crucial role of the Middle Corridor in connecting China with Europe.
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On December 9, Azerbaijani President Ilham Aliyev signed a decree approving the protocol of amendments to the Agreement on Strategic Partnership for the Development and Transmission of Green Energy. The agreement, involving Azerbaijan, Georgia, Romania, and Hungary, aims to strengthen cooperation in sustainable energy across the region.
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