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
SOFAZ’s expenditures decline, revnues increase
Expenditures of the State Oil Fund of Azerbaijan (SOFAZ) for 2018 were declined by AZN 1.879 billion compared to initial forecast on its budget, Minister of Finance Samir Sharifov said at the plenary meeting of the parliament.
16:58 01 December
Level of need criteria for 2018 reached AZN 130 upon president’s order
President Ilham Aliyev made amendment to the draft law on level of need criteria for 2018. According to the amendment, the level of need criteria for 2018 increased by AZN 14 or 12% to AZN 130, Minister of Finance Samir Sharifov said at the plenary meeting of the parliament.
16:31 01 December
Afghan president ends Azerbaijan visit
President of the Islamic Republic of Afghanistan Mohammad Ashraf Ghani has completed his visit to Azerbaijan.
16:14 01 December
Afghan president arrives in Azerbaijan
Afghanistan’s President Mohammad Ashraf Ghani Ahmadzai is on a working visit to Azerbaijan.
19:06 30 November
Azerbaijani parliament gives time to government to consider budget proposals
Azerbaijani parliament gave 8 days to the government to consider the budget proposals.
12:54 23 November
Minister: Governmental reforms led to saving of more than AZN 17M
I don’t agree with the opinions on high amount of government expenditures, Minister of Finance Samir Sharifov said during discussion of the drafts of state and consolidated budget for 2018 at the plenary meeting of the parliament.
18:11 22 November
Azerbaijan establishes organizing committee for Baku BMX World Championships 2018
Azerbaijani President Ilham Aliyev has signed an order on establishment of an Organizing Committee for holding the World Championships 2018 in Baku.
18:35 15 November
Samir Sharifov: IBA is not in danger any more
Minister of Finance Samir Sharifov commented on proposals and concerns about protection of customers’ rights during the discussion of draft state budget for 2018 at the parliament.
14:34 07 November
Azerbaijan to attract AZN 1.4B from foreign financial organizations next year
Azerbaijan will attract AZN 1,362,000,000 from foreign financial organizations next year, Minister of Finance Samir Sharifov said during discussion of state budget for 2017 at the parliament.
13:19 07 November
More than 70% of expenditures on public debt for 2018 related to IBA
“AZN 2.263 billion is planned to be allocated from 2018 state budget for the public debt, up 37.8% from previous year”, Minister of Finance Samir Sharifov said during discussion of draft state budget for 2018 at the parliament.
12:21 07 November
Minister: Non-oil sector grew 2.5%
Azerbaijan takes significant steps to deepen the economic reforms, Ziyad Samadzade, Chairman of Economic Policy, Industry and Entrepreneurship Committee of the parliament said during discussion of the budget package for 2018.
12:06 07 November