Operations run in international financial markets regarding the placement of state-guaranteed bonds issued by the “South Gas Corridor” CJSC were completed successfully on March 24, 2016.
The presentations on the state-guaranteed bonds of the Republic of Azerbaijan issued by the “South Gas Corridor” CJSC were successfully completed for investors in Great Britain and the USA on March 17, 2016.
For involving an experienced international consulting company for estimating and diagnosing cost of electricity production, fuel consumption, norms of technical losses, and efficiency of electricity generation, electric stations and equipment in Azerenerji OJSC.
There have been started preparations on introduction at international markets of state-guaranteed bonds to be issued by the company “South Gas Corridor” to finance the projects “Shahdeniz 2”, “South Gas Pipeline”, “Trans-Anadolu Gas Pipeline” (TANAP) and “Trans Adriatic Pipeline” (TAP).
There was discussed a draft law on amendments to the state budget for 2016 at the plenary session of the Milli Majlis (parliament) of the Republic of Azerbaijan which was held on February 23, 2016. The relevant draft law had been submitted by the President of the Republic of Azerbaijan Ilham Aliyev to the Milli Majlis of the Republic of Azerbaijan.
As of January 1st, 2016, the public external debt of the Republic of Azerbaijan constituted 6,894.3 million US dollars equivalent (10,751.0 million manat). The Debt to the Gross Domestic Product (GDP) this stands at 19.8 percent. The external Public debt consists of direct obligations of the state as well as contingent liabilities emanating from sovereign guarantees.
There have been established a Board of Appeal and a Secretariat of the Board of Appeal under the Ministry of Finance of the Republic of Azerbaijan. Composition of the board and secretariat have been approved in accordance with the Decree of the President of the Republic of Azerbaijan on the “Establishment of Boards of Appeal under the central and local executive authorities of the Republic of Azerbaijan” dated to February 3, 2016.
The issue of state bonds in AZN and USD auctioned at “Baku Stock Exchange” CJSC was successfully realized by the Ministry of Finance on February 5, 2016.
According to the Article 29.4 of the Law “On non-governmental organizations (social unions and foundations)” of the Republic of Azerbaijan, non-governmental organizations are expected to submit annual financial statements to the Ministry of Finance of the Republic of Azerbaijan until April 1.
A staff team from the International Monetary Fund (IMF) led by Mohammed El Qorchi visited Baku during January 28-February 3, 2016, on a fact-finding visit and to discuss areas of technical assistance cooperation. At the conclusion of the visit, Mr. El Qorchi made the following statement:
Minister of Finance of the Republic of Azerbaijan Mr. Samir Sharifov received Mrs. Shamshad Akhtar, the UN Assistant Secretary-General and the Executive Secretary of the United Nations Economic and Social Commission for Asia and the Pacific Ocean (UNESCAP), on February 2.
The “Standard and Poor’s” rating agency downgraded the international credit rating of the Republic of Azerbaijan by one level on January 29, 2016.
Today is Tuesday, 03 May 2016 year