In order to cover the state budget deficit for 2015 will be issued government securities, which will be placed in the international capital markets. This is provided by the presidential decree of 22 December on the application of the AR law "On the State Budget for 2015".
The document entrusted the Ministry of Finance to determine the amount, the maturity and other parameters of the national government bonds and foreign currency denomination.
In 2015, the state budget deficit is set at 1,662 mln. manat. Recall that in March this year, the Finance Ministry placed on international markets bonds totaling $ 1 250 million at 5% per annum with maturity after 10 years. About half of the securities (47%) were bought by US investors. According to the Baku Stock Exchange, the Ministry of Finance placed short-term and medium-term bonds totaling 76.1 million manat in the local market. --08B-
Economics
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Azerbaijan’s state-owned energy company, SOCAR, is deepening its engagement in international gas projects as it seeks to diversify supply routes to Europe. In January 2025, the company acquired a 10% stake in Israel’s Tamar gas field, which holds an estimated 300 billion cubic meters (bcm) of natural gas. The field, located near the giant Leviathan deposit, is seen as a key source for expanding gas exports from the eastern Mediterranean.
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Police officers from the 36th Department of the Khatai District Police Department have detained Saday Sarkarov, who was elected by residents of the residential complex at 58b Ganja Avenue to represent their interests in court against the management company Xətai Park Servis.
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Kazakhstan’s budget airline FlyArystan has launched ticket sales for the Baku-Astana-Baku route ahead of the summer travel season, the airline’s press service said on Monday.
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In late February, the governments of Pakistan and Azerbaijan are expected to sign an investment agreement worth $2 billion, which will include several projects with SOCAR (State Oil Company of Azerbaijan). According to Turan, the energy cooperation projects discussed in January in Islamabad and Baku will feature in the agreement. These projects include energy efficiency initiatives, the construction of a pipeline, and SOCAR’s plans to explore the creation of underground gas storage facilities in Pakistan, as well as documents provided by the Pakistani side related to the exploration and extraction of hydrocarbons in the country.
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