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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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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