Twelve Million AZN to Provide Consumers with Water Meters
In order to provide the people with water measuring devices, President Ilham Aliyev has ordered to allocate 12 million manats. The funds have been allocated to JSC Azersu from the Reserve Fund of the President in the state budget for 2016.
According to JSC Azersu, by 1 January 2016 from the 1 million 308.5 thousand subscribers of the population water meters were provided to 792,260 subscribers (60.5%). Under the law, people are exempted from paying for the installation of water meters by the monopoly suppliers of the utilities.
It is noteworthy that even in the category of organizations and businesses (total 55,700 subscribers) the level of installation of meters is 79.7% (44,400). ----08D
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review