BAKU/11.02.14/TURAN : The visit of the Chairman and CEO of VTB Azerbaijan, Andrei Kostin started. During it he was received by the President of Azerbaijan Ilham Aliyev, with whom they discussed the prospects of VTB Group in the region.
As stated in the press release of the bank , also during the visit Andrei Kostin met with ministers on taxes and the economy and industry , with the leadership of the State Oil Fund of Azerbaijan (SOFAZ), one of the major shareholders of VTB , who took part in last year's SPO, and a number of potential customers of the Bank - Azerbaijani oil companies.
Commenting on the results of the visit , Andrei Kostin said: " The trip was extremely useful . VTB is working to attract investment in the region , particularly in the real economy and the banking services to the population and companies in Azerbaijan. This policy was supported by the President of Azerbaijan Ilham Aliyev . " -0 -
Economics
-
The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
-
In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
-
Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
-
The management of the Baku Metro often announces projects for new underground lines and stations, but official information never includes data on the cost of laying a kilometer of track or building specific metro stations. Journalists sometimes obtain details from unofficial sources, raising doubts about the reliability of such information. For instance, in 2021, an unofficial government source reported a cost of 60 million manats for planned construction of a single station on the Purple Line. This figure excluded finishing works, installation of communication lines, electronics, escalators, and elevators.
Leave a review