According to the published (http://www.audit.gov.az/uploads/Hesabat_illik_2015.pdf) report of the Chamber of Auditors of Azerbaijan, last year the number of contracts decreased over the year from 3,487 to 3,094 (by 11.3% or by 393 units), while the total orders rose in price from 46.7 million to 49.11 million manat (+ 5.2%).
Thus, of the 64,958 subjects, subject to mandatory audit (61,485 LLC, 1,742 JSC, 1,607 municipalities, 43 banks, 54 political parties, and 27 insurance companies), only 2.7% underwent audit last year, which was 0, 2% lower than a year earlier. --17D-
Economics
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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