Next week there will be a discussion of the draft state budget for 2015. According to the information on the website of the Ministry of Finance of Azerbaijan, the Board has approved the main fiscal law, now it should be approved by the Cabinet. Discussed will be not only the budget for next year, but also for 2016-18.
With reference to the Minister of Finance Samir Sharifov, it is said that the costs of the state budget for 2015 will support the economic and social reforms, strengthen the country's defense, environmental, economic and food security, and help timely implementation of commitments to service the external debt.
Azerbaijan's state budget for this year was approved with revenues of 18 billion 384 million manat and expenditures of 20 billion 63 million manat. The state budget deficit is projected at 1 billion 679 million manat or 2.87% of GDP. --17D-
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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