The Accounting Chamber endorsed the parliamentary discussion of the state budget of the country
Baku/30.10.13/TURAN : Next week , the Azerbaijani parliament will discuss the laws of the State budget and the budget for the State Social Protection Fund of the next year.
The green light was lit by the Accounting Chamber of Azerbaijan (ACA) at the meeting of October 28, where it approved the government package of budget bills. According to local law, the parliament said laws can not be discussed without the conclusion of the Accounting Chamber.
The Accounting Chamber of Azerbaijan , reporting to the parliament , has been in force since December 7, 2001 as the body that controls the budget flow of AR. - 17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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