Increased Indirect Subsidies for Azenergy
The Ministry of Finances proposed a suggestion to the Government to reconsider the amount of indirect subsidies put lay for Azenergy JSC in the budget, IAA Trend was informed at the government. These changes were carried out within the budget forecasts` correction for 2006. 335,4 m manats(1,677 b old manats) for these goals are considered in the state budget, and it is considered to increase it on 100 m manats till the amount of 435,4 m. manats.
The necessity in such a correction is connected with the imported gas costs increase that Azerbaijan imports from Russia. Subsidies were put lay at the price of $60, but today Azerbaijan pays Russia $110 per 1 thousand cubic meters of gas.