One more productive year in activity of azerbaijan’s cabinet of ministers

Last week Azerbaijan's Cabinet of Ministers provided a traditional annual report in Azerbaijan Parliament. All members of the Cabinet of Ministers, except law-enforcement bodies, came to give report before people. A general report on the activities of Azerbaijan Government in 2007 was made by the Prime Minister, Artur Rasizade.

Firstly the Prime Minister highlighted Country's successes on macroeconomic indicators in 2007. Particularly, the Prime Minister said that for rates of economic growth, the Country takes a leading position amongst the world countries and Azerbaijan's image under the conditions of globalization. Thus, the GDP totaled AZN 25.2bln, a 25% increase from the indicators of the last year. The GDP per capita rose by 23.6% and made up $3500. Last year, the average salary increased by 42% and labor pension by 76%. The criteria of need for poor layer of population increased from AZN 30 to AZN 40. Currently 78,000 families received targeted social aid and each family obtains nearly AZN 80.

Increasing money profits

"Last year the money profits exceeded 2.4 times the index of consumer prices and the Government intends to keep such tendency in 2008 as well," Rasizade said. The Government of Azerbaijan is concerned about the growth rates of the inflation in Azerbaijan which has made up to 16.7% as a result of 2007, said the Prime Minister of Azerbaijan. Such rates of increase of the consumer prices result from the processes in the world markets. According to the Prime Minister, increase in the prices for oil, foodstuffs and other commodities caused price increase for the products imported to Azerbaijan. In addition, realization of many social and infrastructure projects, increase of the budget expenses, money mass also led to inflation growth. In such a situation, the key target was to ensure growth of population's money profits in order to ensure their advantage over the inflation. According to him, the State Head imposed tasks to strengthen anti-inflation measures, including liberalization of the regime of out-flow of the capital, preparation of the Code on Competition. According to the forecasts of Azerbaijan's Ministry of Economic Development, inflation will make up 12-14% in 2008.

Establishing grain fund

There are plans to establish a grain fund in order to ensure food security of Azerbaijan, and the proposals have been presented to the Country's President, said Rasizade.

This issue became urgent due to protraction of the Nagorno-Karabakh conflict. Unlike last years, in 2008 record volume of grain is expected to be produced in Azerbaijan because this year the grain sowing areas increased by almost 130,000 tons up to 601,000 tons. It provides grounds to expect that the grain production will increase by almost 300,000 tons. However, Azerbaijan is still unable to cover its grain demand at the expense of its internal production. This year the grain production in Azerbaijan is expected to increase up to 2.5mln tons. Accordingly 700-800,000 tons of grain will be imported. Last year 2mln tons of grain were produced in Azerbaijan, with 1.3mln food grain. The annual food grain demand of Azerbaijan equals 1.530mln, monthly 129,640 tons and per capita - 180 kg per month. In general, Azerbaijan's grain demand totals 3mln tons per year. The Government of Azerbaijan intends to fully refuse the grain import by 2010.

Eliminate illegal land sale

Garib Mammadov, chairman of the State Land and Cartography Committee of Azerbaijan, stated that municipalities and regional Executive Power of Azerbaijan will sale land areas through auctions and contests beginning from 2008. Under the Bill on 'Land', sale of municipal and local lands is implemented directly through auctions and contests. However, during the previous period, heads of Executive Power and self-governing departments sold lands without auctions, which caused negative consequences, Mammadov said.

"We developed proposals and submitted to the Government to cancel the item on direct sale of lands. The Parliament made necessary changes into the Bill and new amendments will come to force in the near future.

For 2007, State Committee revealed thousands of violations in the sale of lands by municipalities. Fine sanctions were used over 400 facts of violations.

Totally, there are 2,757 municipalities in Azerbaijan. Self-governing departments were established by the order of Azerbaijani President from 24 December 1999.

Paying attention to water economy

AZN 200mln will be directed towards melioration and drainage works in Azerbaijan in 2008, said the Chairman of Melioration and Water Economy JSC, Ahmed Ahmedzade. Within the Public Investment Program, the Public budget will allocate AZN 80mln. In addition, the State Oil Fund of Azerbaijan will allocate AZN 120mln for the construction of Samur-Apsheron canal. The investments for this sphere increased by 30-40%. Currently works are being carried out in 90 melioration facilities.

The construction of the Oguz-Gabala-Baku water pipeline is expected to be completed by the end of 2008, the Prime Minister of Azerbaijan Artur Rasizade said at the Parliament on 14 March. According to the Prime Minister, the construction is being carried out through the oil revenues of the country and the total cost of the project is AZN 480mln.

The project is intended for improvement of water supply to Baku. In 2007, the State Oil Fund of Azerbaijan (SOFAZ) invested AZN 132.8mln into construction of the water pipeline.

According to Rasizade, in order to implement the projects on improvement of water and sewerage systems in the country's regions, the Azerbaijani Government is attracting credits from the international fiscal institutions at acceptable terms. The credits have been already allotted by the Asian Development Bank (for three towns), the German Development Bank KfW (for two towns), the World Bank (the funds intended for reconstruction of water and sewerage systems in 22 regions have been already allotted and attracting of more funds for another 21 regions is being negotiated). The negotiations on 10 towns are also being held with the Japan International Development Bank and on 3 with the Islamic Development Bank.

The arrangements will enable the problems in this field to be solved within 3 years, Rasizade said.

Managers of Kazakhstan’s large companies expected to arrive in Tajikistan
Managers of Kazakhstan’s large companies expected to arrive in Tajikistan
Uzbekistan and Tajikistan discuss the development of trade and economic ties
Uzbekistan and Tajikistan discuss the development of trade and economic ties
Uzbekistan, Tajikistan eye increasing trade turnover
Uzbekistan, Tajikistan eye increasing trade turnover
Loading Bars
Latest
Volume of cement imported by US from Turkey disclosed
Uzbekistan, Russia's Kazan consider launching direct flights
Ministry discloses volume of cargo transshipped through Turkish Tekirdag port
Belarus, Azerbaijan demonstrating high level of interaction, cooperation today - President Aliyev
Azerbaijan traditionally been our friend and ally - Belarus defense minister
Export of Kazakh agro-industrial products notably grows in 2020
Kazakhstan reports multifold growth in container traffic
Turkey sees increase in exports of locally-made electrical goods to US
Ministry discloses volume of cargo transshipped through Turkish Zonguldak port
Number of client accounts in Azerbaijani banks increases
Azerbaijan to increase Virginia tobacco production
Turkey’s export of clothes to Uzbekistan up
Uzbek republican stock exchange reveals number of transactions for April 2021
New export opportunities to appear for locally produced beer – Azerbaijani minister
Georgia to establish snail meat plant, backed by Italian investment
Quarterly data on cargo shipment via Turkish Cesme port revealed
Royal Caribbean cancels all Israel cruises
Kazakhstan boosts petroleum oil exports to France
Equinor closely working with Kazakh KazMunayGas on geophysical studies
Russia's Ministry of Industry, Trade reveals data on joint projects with Turkmenistan
Uzbekistan, Netherlands consider establishing co-op in livestock breeding
Azerbaijan's ASCO opens tender for purchase of steel pipes
AZINNEX talks about Azerbaijan's potential to multiply technology exports by 2030
Russia closely following situation over Armenian-Azerbaijani border incident - MFA
Kazakhstan decreases raw sulfur production volumes
Uzbekistan notes increase in car sales
Georgia increases imports of electricity from Azerbaijan
Turkey announces substantial growth in cement exports to Uzbekistan
Iran to issue loans for dev't of beekeeping sector
Azerbaijan unveils number of citizens vaccinated on May 18
Turkey publishes quarterly data on cargo shipment via local ports from Spain
Azerbaijan confirms 432 more COVID-19 cases, 1,024 recoveries
Azerbaijan suspends import of poultry products from some countries due to bird flu
High revenues from State Oil Fund keep Azerbaijan's state budget surplus - WB
Indian DRDO’s 1st batch of anti-Covid drug 2DG launched
Kazakhstan’s Nostrum unveils oil extraction volumes for 1Q2021
Iran's private sector to start importing COVID-19 vaccine
Iran discloses volume of sprat caught from Caspian Sea
Restoring landscapes to reduce poverty gap in Georgia - WB
Georgian Credo Bank attracts funds from EFSE, GGF to support rural micro and small entrepreneurs
EBRD ready to expand co-op with Turkmenistan
Iran's NISOC to implement projects to collect flare gas
Azerbaijanis hold protest rally in front of UN Campus in Germany (PHOTO)
Revenues of Kazakhstan's Nostrum Oil & Gas down
Georgia sees increase in unemployment rate
Finnish Nokia interested in introduction of 5G technologies Uzbekistan
Turkey notes decline in export of grain, legumes to Turkmenistan
Lending to Azerbaijan's energy, chemistry & natural resources sector up
Value of Turkish chemicals export to Germany rises in 4M2021
Uzbekistan receives third batch of Chinese-Uzbek COVID-19 vaccine
Overview of Turkmen tourism sector's development
Iran’s GTC begins wheat purchasing in Razavi Khorasan Province
Lending to trade & services sector grows in Azerbaijan year-on-year
Iranian parliament issues statement on nuclear discussions
Azerbaijan competing with global leaders in export of high-tech products - AZINNEX
President Ilham Aliyev receives Belarus defense minister
Armenia's vandalism against Azerbaijan’s cultural heritage - flagrant violation of int’l law
Kazakh uranium extracting company opens tender to buy pipes
WB talks stabilization of consumer price index in Azerbaijan
Iran's capital market to increase support of refinery industry - Securities and Exchange Organization
Azerbaijan Railways announces increase in freight traffic
SME Development Centers holding free trainings for entrepreneurs in Azerbaijan
Vladimir Putin: Both parties to Israeli-Palestinian conflict need to end violence
Azerbaijan shares data on 4M2021 oil exports to Israel
Iranian contractors awaiting to build railway in Iraq's Basra
Ministry discloses volume of cargo transshipped through Turkish Gemlik port
Iran reveals COVID-19 data for May 18
Turkmenistan may participate in new transport corridor
Austrian companies eye cooperating with Uzbekistan in energy sector
Total annual energy investment to surge by 2030
Iranian energy minister talks electricity generation, water shortages
Volume of cement imported by Austria from Turkey disclosed
Ministry discloses volume of clothes exported from Turkey to Turkmenistan
Georgian Prime Minister to visit Spain
Azerbaijan's liberated Zangilan district to become transport hub of region - CAERC
Turkmenistan invites Russia's Tatarstan to take part in country's infrastructure projects
Uzbekistan, Kyrgyzstan eye increasing potential of transport corridor to China
Iran’s PMO unveils volume of cargo loaded, unloaded in Jask port
Iran boosts aluminum ingots production
Electricity facilities put into operation in Iran
Kazakhstan's export to EAEU states grows over six years
Demand of Azerbaijani banks for foreign currency surges - Central Bank
Decisions on troop interaction clarified for Azerbaijan's military exercises (PHOTO)
Value of Iran’s exports grows
Solar panel stations launched in Iran's Kerman Province
France decreases imports of Kazakh-made foods y-o-y
Azerbaijan starts construction of infrastructure of Horadiz-Aghband railway (VIDEO)
SMEs dominate Kazakh exports to EAEU
Azerbaijan starts work to prepare tourist routes in liberated territories
Lending via credit letters in Azerbaijan shrinks
Kazakhstan boosts imports of Turkish chemicals
Design work at Uzbekneftegaz GTL plant completed
Azerbaijan names volume, amount of oil supplies to Spain from early 2021
OMV Petrom completes selling off its subsidiaries in Kazakhstan
Preparations for 2021 F1 Azerbaijan Grand Prix nearing completion in Baku
World Bank to finance development of water services sector in Uzbekistan
Turkey doubles crude oil imports from Kazakhstan
Monday.com files for Nasdaq IPO
Armenian ex-minister of transport & communication detained
Georgia reports 1,562 coronavirus cases for May 18
All news