In 2014, subsidies from the state budget will be (given the subsidization of the budget of the Nakhchivan Autonomous Republic) 661.7 million manat. This is over two times more than expected in 2013.
Physical growth of subsidies is due mainly to changes in alignment of the budget items. This year, for the first time the grant to the budget of NAR - 283.7 million manat - was accounted for in the overall structure of subsidies and current transfers from the state budget, the economist expert Rovshan Agayev told Turan.
The government subsidizes the activities of Agroleasing, the AMF, the State Agency on Agricultural Credits, etc.
The amount of agricultural subsidies provided to farmers for cultivation of land and compensation of rising prices for fuels and lubricants will make AZN 131 million ( +6.4 % compared to the year 2013 ).
Baku Metro has this year received a subsidy from the state budget in the amount of 28 774.6 thousand manats. This is 3.7 million manat more than in 2012. And next year, the Metro will receive from the government more than 36 million manat to cover losses on passenger transport, which is 25.2 % more than this year.
Public JSC Azerbaijan Airlines receives subsidy to cover the losses for the transportation of passengers on the route Nakhchivan - Baku - Nakhchivan. In 2012, the subsidy amounted to 7 million 553.6 thousand manats. This year the figure is expected to reach 9.85 million and in 2014 - more than 10 million manat. - 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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