Specific Weight of State Budget in Total Capital Investments to Be AZN 3 Billion 654.4 Million in 2017
According to the preliminary forecast of the consolidated budget of Azerbaijan for the next year, published by the Ministry of Finance, the specific weight of the state budget in the total capital investments will amount to 3 billion 654.4 million AZN in 2017.
Of this, AZN 560 million will be allocated to increase the authorized capital of the State Oil Company (SOCAR) through its participation in the project Southern Gas Corridor, AZN 1.3 billion will be spent on "priority investment projects" not disclosed by the Finance Ministry, and AZN 1 billion 796.4 million will be spent on "special public procurement" in the social and domestic, administrative, repair and construction, and other areas. --17D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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