The Republic of Azerbaijan successfully allocated its initial government bonds at the international market***The foreign state debts of the Republic of Azerbaijan made 4,753.2 million manat and the ratio of the foreign state debts on the Gross Domestic Product (GDP) was 8.2 percent for 1 January 2014, exceeding most of developed and developing countries in this regard****

News

12.03.2014

The initial allocation of the government bonds of the Republic of Azerbaijan at the international market was successfully completed on 11 March 2014. The emission of the initial Azerbaijani bonds attracted interest of foreign investors. The emission of state securities amounted at 1.25 billion US dollars was allocated by 5 percent profitability and a payment period of 10 years.

11.03.2014

The governments of Azerbaijan and Korea signed an agreement regarding provision of loans on 11 March 2014.

28.02.2014

The foreign state debts of the Republic of Azerbaijan made 4,753.2 million manat and the ratio of the foreign state debts on the Gross Domestic Product (GDP) was 8.2 percent for 1 January 2014, exceeding most of developed and developing countries in this regard. (The ratio was 36, 14.1, 32.9, 79.8, 34.3 and 40.2 percents relevantly in Turkey, Russia, Georgia, Hungary, Slovakia and Czech Republic).

28.02.2014

The Ministry of Finance of the Republic of Azerbaijan authorized Barclays”, “Deutsche Bank” and “Citi” banks regarding the first emission of government bonds denominated in U.S. dollars n 2014. Accordingly, various meetings with investors are intended since March 03, 2014.

 

12.02.2014

The World Bank organized an international conference on the Public Expenditure Management Peer Assisted Learning within the PEMPAL project in Tbilisi on February 10 – 12, 2014.

 

 

21.01.2014

The “Professional Accounting Education Community of Practice Workshop” was organized by the World Bank Centre for Financial Reporting Reform (CFFR) in Vienna, Austria on January 16-17, 2014.

17.01.2014

The State Service for Control on Precious Metals and Stones of the Ministry of Finance of the Republic of Azerbaijan issued 373 special licenses in accordance with the applications of entrepreneurs in 2013. 36 of them were related with processing and use of precious metals and stones, 319 with their circulation and 18 were licensed as a copy, and the payment of state fee in amount of 192950.0 manat was ensured and 13 licenses were suspended.

16.01.2014

The income of the state budget for 2013 was 19494,4 mln. manat, the expenditures were 19112,6 mln. manat, e.g. there has been occurred budget profit in amount of 381,8 mln. manat.

23.12.2013

The opening ceremony of the new administrative building of the State Treasury Agency No. 6 of the Ministry of Finance of the Republic of Azerbaijan had taken place on December 23. Minister of finance Mr. Samir Sharifov who attended the ceremony cut the opening ribbon and toured the administrative building to witness the conditions created therein.

28.11.2013

The Government of Azerbaijan and the Federal Government of Germany concluded the “Agreement on Financial Cooperation on projects agreed in 2008-2012” on November 28, 2013.

28.11.2013

The Minister of Finance of the Republic of Azerbaijan Mr. Samir Sharifov received Vice-President of the Asian Development Bank (ADB) Mr. Bruce Davis within his visit to Baku on November 28, 2013.

26.11.2013

The 7th meeting of Azerbaijan-France Intergovernmental Economic Commission was held in Baku on November 26, 2013. The meeting co-chaired by the minister of finance of Azerbaijan Republic Mr. Samir Sharifov and French minister of international commerce Mrs. Nicole Brick featured discussions on different areas of economy.