Ways of Increasing Transparency of Government Purchases Discussed
Baku / 09.29.17 / Turan: The issues of increasing public control over public procurement, expanding knowledge of local entrepreneurs during procurement procedures were discussed during the roundtable held by the anti-corruption NGO Transparency-Azerbaijan on September 28.
Experts of this organization Elvin Yusifli and Ayten Alizamanli made reports on the results of a study on the problem of ensuring public control over public procurements and recommendations prepared in this regard. A booklet What Entrepreneurs Should Know in Public Procurement was presented.
The round table was attended by representatives of the State Antimonopoly Policy and Consumer Protection Service, the Financial Markets Supervision Authority, the General Directorate for Combating Corruption under the Prosecutor General, and other governmental and non-governmental bodies.
The event was organized within the framework of the project Increasing Transparency of Public Procurement - one of the components of the program Promotion of Human Rights, Democratization and Better Governance in Azerbaijan. The program is implemented by the Eurasian Cooperation Fund with financial support from the Ministry of Foreign Affairs of the Netherlands. ----08D
-
- Politics
- 29 September 2017 15:58
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