MPs criticize allocation of funds from state budget to SOCAR
‘Reduction of revenues from non-oil sector more than AZN 1 billion in the draft law on ‘Amendments to state budget for 2018’ raises a question. We allocate a large amount of funds for development of non-oil sector, however, it’s planned to reduce revenues from this field in the state budget’, MP Vahid Ahmadov said at the meeting of parliamentary committee on economic policy, industry and entrepreneurship.
13:16 22 June
Finance Minister announces factors necessitating revision of state budget
Balancing of revenues and expenditures of state and consolidated budget, increase of defence and security of the state, strengthening of protection of sensitive social groups of population necessitated revision of the state budget for 2018, Minister of Finance samir Sharifov said at the meeting of parliamentary committee on economic policy, industry and entrepreneurship.
12:18 22 June
Baku's bid to host World Expo 2025 presented at BIE
A presentation of Baku’s bid to host the World Expo 2025 was held at the 163rd Session of the General Assembly of the Bureau International des Expositions (BIE) in Paris on June 13.
18:39 13 June
Ministers and chairmen of committees appointed to the new government of Azerbaijan
President of Azerbaijan Ilham Aliyev formed a new composition of the Cabinet of Ministers.
21:28 23 April
No appointments for some posts in new gov’t, some officials remain in place - LIST
There have been no appointments for some posts in the new composition of government approved with the order of President Ilham Aliyev on Saturday.
19:20 21 April
President Aliyev approves new composition of Cabinet of Ministers
Azerbaijan’s President Ilham Aliyev signed an order on April 21 on the new composition of the Cabinet of Ministers.
18:32 21 April
Minister: Hosting Expo 2025 would cost 765mln euros
“We have experts working on financial issues relating to Azerbaijan hosting World Expo 2025,” Azerbaijan’s acting Minister of Finance Samir Sharifov told a press conference on the results of the visit to Baku of the Enquiry Mission from the Bureau International des Expositions (BIE), APA reported.
19:44 19 April
Minister: We try not to closely relate our economic policy to oil price
‘We try not to closely relate our economic policy to oil price’, Minister of Finance Samir Sharifov said on April 11.
13:54 11 April
Finance Minister: No fundamental risks expected in terms of ensuring macroeconomic stability
‘We don’t expect fundamental risks in terms of ensuring fiscal sustainability and macroeconomic stability’, Minister of Finance Samir Sharifov said on April 11.
13:02 11 April
IBA Supervisory Board reorganized
The next general meeting of shareholders of the International Bank of Azerbaijan (IBA) was held today.
18:20 14 March
Trade turnover between Azerbaijan and India reaches 460M
Indian Finance Minister Arun Jaitley has met with Azerbaijani Minister of Finance Samir Sharifov in New Delhi.
13:53 23 February
Azerbaijan’s 2017 state budget 98% fulfilled
Azerbaijan's state budget revenues and expenditures in 2017 were fulfilled 98% against the approved forecast and made 16,447 mln AZN and 17 588 mln AZN, respectively, Finance Minister Samir Sharifov said.
19:39 12 January
Minister: "Azerbaijan's aggregate currency reserves increased by 13.3 percent in 11 months"
"2017 was remarkable also in the context of the work done and achievements under the leadership of President Ilham Aliyev in the direction of creating favorable conditions for the macroeconomic stability and financial sustainability, neutralization of external shocks on the country's economy, elimination of negative consequences and recovery of economic growth,” said Finance Minister Samir Sharifov at a meeting of the Cabinet of Ministers dedicated to the results of socioeconomic development of 2017 and objectives.
01:10 11 January
Azerbaijani president chairs meeting Cabinet of Ministers
Azerbaijani President Ilham Aliyev chaired a meeting of the Cabinet of Ministers on outcomes of socio-economic issues of 2017 and objectives for the future.
11:49 10 January
Finance Minister: Teachers’ salary will increase
In the state budget for 2018, the expenditures for education have sufficiently increased, Minister of Finance Samir Sharifov said in his interview to AZTV.
10:35 28 December
Minister: Manat rate will rise
The year 2017 was successful for Azerbaijan’s economy, Minister of Finance Samir Sharifov said in his interview to Azerbaijan Television (AZTV).
10:30 28 December
ADB arranges $524.5 million syndicated loan for SGC
Today, loan and guarantee agreements were signed on allocation of $524.5 million syndicated loan by Asian Development Bank (ADB) for support of Shahdeniz development with the state guarantee of Azerbaijan, as well as guarantee of ADB.
16:25 22 December
Expo 2025 is an exceptional project for Azerbaijan’s future, says BIE official
Deputy Secretary General of the Bureau International des Expositions (BIE) Dimitri Kerkentzes is on a visit to Azerbaijan to view how nominee Baku is preparing to host World Expo 2025.
19:00 12 December
Azerbaijani parliament adopts 2018 state budget
Proposals of MPs during the discussion of state budget for 2018 have initially been analyzed by the government, Minister of Finance Samir Sharifov said at the plenary meeting of the parliament.
17:09 01 December
Azerbaijan increases funding of political parties, NGOs
Funds to be allocated for political parties in Azerbaijan next year are increased by 20 percent of 500,000 mants compared to the previous year, Minister of Finance Samir Sharifov said at parliament’s plenary session on Friday, APA-Economics reported.
16:59 01 December