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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***

News

12.06.2017

Minister of finance of the Republic of Azerbaijan Mr. Samir Sharifov received the delegation of the Black Sea Trade and Development Bank (BSTDB) headed by President of the bank Mr. Ihsan Ugur Delikanli on June 12.

31.05.2017

Some media outlets are publishing statements such as “Main reason for a decision on suspension of the implementation of obligations by the International Bank of Azerbaijan (IBA) is devaluation of manat” on behalf of minister of finance Mr. Samir Sharifov referring to mass media of Kazakhstan that cited a quotation from minister of finance of this country Mr. Bakhyt Sultanov.

31.05.2017

 

The Law on the “Execution of the state budget for 2016 of the Republic of Azerbaijan” was adopted on May 31, 2017 in the Milli Majlis of the Republic of Azerbaijan.

 

27.05.2017

The “Standard and Poor’s” rating agency kept the long-term and short-term sovereign loan ratings of the Republic of Azerbaijan in both national and foreign currencies at 'BB+/B' in a special assessment on May 26, 2017. The main reason for a special assessment was an announcement of the International Bank of Azerbaijan (IBA) about its plan on the restructuring of the bank’s foreign debts and transfer to sovereign obligations of the country.

25.05.2017

An official statement with the following text was posted by the Moody's international rating agency a few minutes ago

 

 

11.05.2017

The International Bank of Azerbaijan (“IBA”) has been working closely with the Ministry of Finance of Azerbaijan (the “Ministry of Finance”), the Financial Market Supervision Authority of Azerbaijan (“FIMSA”) and the Central Bank of the Republic of Azerbaijan to address issues relating to IBA’s financial position and the sufficiency of its regulatory capital in accordance with the aims of the Presidential Decree dated 15 July 2015.

08.05.2017

 

 

An event was organized to mark the 94th anniversary of National Leader Heydar Aliyev at the Ministry of Finance of the Republic of Azerbaijan.
Participants of the event laid bunches of flowers in front of Heydar Aliyev’s memorial bust erected in the administrative building of the ministry, and deeply honored the National Leader of Azerbaijan.

02.05.2017

Incomes of the state budget for the first quarter of 2017 made 3,591.5 million manat, while its expenditures made 3,912.7 million manat, e.g. there was a budget deficit of 321.2 million manat.

 

 

10.03.2017

As of January 1st, 2017, the external public debt of the Republic of Azerbaijan constituted 6,913.2 million US dollars equivalent (12,241.3 million manat).

04.03.2017

The Minister of Finance of the Republic of Azerbaijan Mr. Samir Sharifov has received delegation of the International Monetary Fund (IMF) for Azerbaijan led by the Mission Chief Mr. Mohammed El Qorchi on March 03, 2017.

24.02.2017

A commemorative ceremony dedicated to the 25th anniversary of the Khojaly genocide was held at the Ministry of Finance of the Republic of Azerbaijan on February 24. First of all, victims of the Khojaly massacre were remembered with a minute of silence.

01.02.2017

The purposeful spending of funds allocated from the state budget for maintenance of the administrations of executive power heads of 5 districts (cities), renovation of districts (cities), capital and current repairs of roads, housing resources and buildings of budget organizations, territorial offices in cities (villages and settlements), to cleaning and landscaping service providers, as well as to 6 educational, 2 healthcare, 1 amelioration and water farm, 2 transport and 2 utility agencies, 1 diplomatic representation was controlled by the central office of the State Financial Monitoring Service of the Ministry of Finance of the Republic of Azerbaijan, and to budget organizations financed at local incomes and expenditures of cities and districts by the regional financial inspectorates in accordance with the work plan compiled on the basis of the outcomes of the risks assessment.