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 14 December, the Sabail district court of Baku sentenced chairman of the Sabail district organisation of the Party of People's Front of Azerbaijan (PPFA) Jeyhun Novruzov to 10 days of administrative arrest.This is stated in the report of the PPFA.
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Issues of Azerbaijani-Ukrainian relations were discussed on 13 December in Kiev at the meeting of Azerbaijani Ambassador Seymur Mardaliyev with Vice-Speaker of the Verkhovnaya Rada of Ukraine Olena Kondratyuk.
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South Korea’s parliament on Saturday voted to impeach President Yoon Suk Yeol following his failed attempt to impose martial law last week, a dramatic move that has plunged the nation into a deep political crisis.
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On 13 December, the Baku Court for Serious Crimes at the trial of opposition politician Tofig Yagublu started to examine the documents of the case.
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