Baku / 19.09.17 / Turan: Preparations for privatization of the International Bank of Azerbaijan (IBA) can begin, Finance Minister Samir Sharifov said in a conversation with reporters on September 19.
According to him, the preparation can begin in 2018. He noted that this became possible after the completion of the restructuring of the bank"s external obligations.
"The EBRD"s leadership during the visit to Azerbaijan was interested in this issue and expressed interest in participating in this process. We will continue discussions with them," the minister said. -71D-
Finance
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The Accounting Chamber has revealed shortcomings in the Baku State University and the Azerbaijan State Academy of Physical Culture and Sport.
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In 2023, the salary costs of employees of the State Oil Fund of Azerbaijan (SOFAZ) amounted to 9.8 million manats. This is stated in the financial statements of the Fund, which were audited at the end of the last year.
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Azerbaijan's justified state budget expenditures totalled AZN 4,948 million in the first half of 2024.
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As of the end of June 2024, credit unions in Azerbaijan had a balance sheet capital of AZN 9.1 million. This is stated in the credit union review published by the Central Bank of Azerbaijan.
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