Azerbaijan will reduce the state budget expenses in 2016 due to falling oil prices. This was stated by President Ilham Aliyev, speaking in Baku at the meeting of the Board of Governors of the Asian Bank.
"Falling prices for oil and gas can not disturb Azerbaijan. In response, we reduced unnecessary costs and improve the management system," Aliyev said.
Assessing the economic situation, he said that the investment climate remains favorable. Unemployment in Azerbaijan is at the level of 5%, while the poverty rate dropped to 5%. This means that we managed to avoid the "Dutch disease", Aliyev believes.
"In some countries rich in oil the rich get richer and the poor get even more impoverished. Our goal is to let all use these revenues," he said. -02D-
Politics
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On 26 July "Platform III of the Republic" made a statement which drew attention to the unlawful seizure of electronic devices of underage children of the arrested head of this structure Akif Gurbanov.
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From 19 to 26 July, 24 automatic rifles, 1 machine gun, 9 rifles, 28 grenades, 441 shells, 3118 cartridges of different calibre and other ammunition were found in Khankendi, the Azerbaijani Interior Ministry reported. During the mentioned period, the police found 1 machine gun, 50 grenades, 7 fuses, 3 shells and 320 cartridges of different calibre in Shusha.
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President Ilham Aliyev has approved by decree the Azerbaijan-Kazakh intergovernmental agreement on cooperation in military intelligence defense sector. The document was signed in Baku on 7 June 2024.
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At the trial of the opposition politician Tofig Yagublu, the statement of Elnur Vaqifoglu, another accused, was heard at the Baku Serious Crimes Court.
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