Court of Auditors (SP) released a summary report on the audit of the Department of Housing and Communal Services (HCSD) of Baku City Executive Power. The report summarized the shortcomings identified are decision adopted in this regard. The audit covered the activities of the HCSD and its 29 units in 2015. The report, as in other previous audit reports, does not contain any figure on the financial variances and disadvantages.
"A number of shortcomings have been eliminated during the audit inspection. The remaining shortcomings must be eliminated as soon as possible, the guilty officials should be brought to justice," the report said. Those costs that were unreasonably high in 2015, will be cut in the budget of the HCSD Executive Power in Baku 2016.- 08D-
Economics
-
Azerbaijan produced 28,394.1 million kilowatt-hours (kWh) of electricity in 2024, according to operational data released by the Ministry of Energy.
-
The 10th meeting of customs heads from the Organization of Turkic States (OTS) commenced in Baku on Tuesday, bringing together senior officials from Azerbaijan, Turkey, Kazakhstan, Uzbekistan, and Kyrgyzstan. Representatives from the United Nations, the International Road Transport Union (IRU), and the customs authorities of Georgia and Hungary also participated.
-
The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
-
Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
Leave a review