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“Standard and Poor’s” agency kept the international loan rating of Azerbaijan as stable in a special assessment***The Milli Majlis adopts a law on the execution of the state budget for 2016***Ministry of Finance recommends referring to official data in statements about IBA***

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The Ministry of Finance of the Republic of Azerbaijan announces a tender

The Ministry of Finance of the Republic of Azerbaijan announces a tender

13.11.2017

Announces a tender to attract a consulting company with experience in its field to assess the reserves of Zaylik alunite deposit in Dashkasan region, resumption of production at Ganja Alumina Plant using...

Announces a tender to attract a consulting company with experience in its field to assess the reserves of Zaylik alunite deposit in Dashkasan region, resumption of production at Ganja Alumina Plant using reserves of Zaylik alunite deposit, possibilities of utilization of byproduct of the production, sulfuric acid for the production of ammonia at the Carbamide Plant which is being built in Sumgait, also organization of the production of ammonium sulphate at Ganja Alumina Plant, technical and economic appraisal of production of potassium sulphate and polyvinyl chloride, use of anode rods.

“South Gas Corridor” CJSC and EBRD signs a loan agreement with TANAP

“South Gas Corridor” CJSC and EBRD signs a loan agreement with TANAP

20.10.2017

“South Gas Corridor” CJSC and European Bank for Reconstruction and Development (EBRD) signed a loan agreement to support Trans Anatolian Natural Gas Pipeline (TANAP) project on October 20, 2017.

“South Gas Corridor” CJSC and European Bank for Reconstruction and Development (EBRD) signed a loan agreement to support Trans Anatolian Natural Gas Pipeline (TANAP) project on October 20, 2017.

Information (operative) on the execution of the state budget for nine months of 2017

Information (operative) on the execution of the state budget for nine months of 2017

19.10.2017

Incomes of the state budget for nine months of 2017 made 12,045.1 million manat, while its expenditures made 12,783.7 million manat, i.e. the budget deficit was equal to 783.6 million manat.

 

 

Incomes of the state budget for nine months of 2017 made 12,045.1 million manat, while its expenditures made 12,783.7 million manat, i.e. the budget deficit was equal to 783.6 million manat.
Incomes

Azerbaijani finance minister to attend IMF and WB Annual Meeting

Azerbaijani finance minister to attend IMF and WB Annual Meeting

11.10.2017

The Annual Meeting of the International Monetary Fund (IMF) and the World Bank Group is going to take place on October 11-15 in the US capital – Washington D.C.

 

 

Azerbaijani and Surinamese finance ministers meet in Baku

Azerbaijani and Surinamese finance ministers meet in Baku

15.09.2017

Minister of finance of the Republic of Azerbaijan Mr. Samir Sharifov received his Surinamese colleague Mr. Gillmore A. Hoefdraad in line of his Baku visit.

Minister of finance of the Republic of Azerbaijan Mr. Samir Sharifov received his Surinamese colleague Mr. Gillmore A. Hoefdraad in line of his Baku visit.

Afghanistan learns Azerbaijani practice

Afghanistan learns Azerbaijani practice

13.09.2017

The official delegation of the Islamic Republic of Afghanistan is paying a business visit to Azerbaijan. The visit aims at in-place study of the application of technologies – ERP (“enterprise resource planning”) and electronic documentation with the Ministry of Finance on the automated information system of financial and accounting reporting (FARABI) in budget organizations.

The official delegation of the Islamic Republic of Afghanistan is paying a business visit to Azerbaijan. The visit aims at in-place study of the application of technologies – ERP (“enterprise resource planning”) and electronic documentation with the Ministry of Finance on the automated information system of financial and accounting reporting (FARABI) in budget organizations.

Information on external public debt as of July 1st, 2017

Information on external public debt as of July 1st, 2017

24.08.2017

As of July 1st, 2017, the external public debt of the Republic of Azerbaijan constituted 7,172.6 million US dollars (equivalent 12,208.5 million manat).

As of July 1st, 2017, the external public debt of the Republic of Azerbaijan constituted 7,172.6 million US dollars (equivalent 12,208.5 million manat). The Debt to the Gross Domestic Product (GDP) ratio stands at 18.9 percent. The external public debt consists of direct obligations of the state as well as contingent liabilities emanating from sovereign guarantees.

The external public debt comprises predominantly infrastructure projects and programme loans of the international financial institutions as well as government bonds. 

A broad meeting held at the Ministry of Finance

A broad meeting held at the Ministry of Finance

17.07.2017

A wide board meeting was dedicated to the instructions given by President of the Republic of Azerbaijan Ilham Aliyev at the meeting of the Cabinet of Ministers of the Republic of Azerbaijan dedicated to the social and economic outcomes of the first half of 2017 and the challenges ahead, progress of the execution of the state budget in the first half of 2017 and to the discussion of the draft state and consolidated budgets for 2018 and consolidated budget indicators for the next three years and future challenges on July 19.

A wide board meeting was dedicated to the instructions given by President of the Republic of Azerbaijan Ilham Aliyev at the meeting of the Cabinet of Ministers of the Republic of Azerbaijan dedicated to the social and economic outcomes of the first half of 2017 and the challenges ahead, progress of the execution of the state budget in the first half of 2017 and to the discussion of

Another batch of gold commodity received

Another batch of gold commodity received

28.07.2017

After the purification of gold commodity produced in Gedebey gold ore deposit in Geneva, Switzerland, the next batch of gold ingots in amount of 11,655.2 troy ounces (362.6 kilograms), which is the profit share of the Government of Azerbaijan, was received by the State Service for Control on Precious Metals and Stones of the Ministry of Finance of the Republic of Azerbaijan and placed in the Central Bank of the Republic of Azerbaijan on July 27, 2017.

 

 

After the purification of gold commodity produced in Gedebey gold ore deposit in Geneva, Switzerland, the next batch of gold ingots in amount of 11,655.2 troy ounces (362.6 kilograms), which is the profit share of the Government of Azerbaijan, was received by the State Service for Control on Precious Metals and Stones of the Ministry of Finance of the Republic of Azerbaijan and placed in the Central Bank of the Republic of Azerbaijan on July 27, 2017.

“Standard and Poor’s” approves Azerbaijan’s international credit rating

“Standard and Poor’s” approves Azerbaijan’s international credit rating

29.07.2017

The Standard & Poor's rating agency conducted a traditional assessment of sovereign credit rating of the Republic of Azerbaijan and released a report with this regard on July 28, 2017.

The Standard & Poor's rating agency conducted a traditional assessment of sovereign credit rating of the Republic of Azerbaijan and released a report with this regard on July 28, 2017.
The agency kept Azerbaijan’s long-term and short-term sovereign loan rating in national and foreign currencies at 'BB+/B' level respectively with negative outlook.

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