Azerbaijan to reduce defense spending by 2030
Azerbaijan plans to cut its defense spending by 8.6% over the next five years. By 2030, the republic expects to spend less than $5 billion on its military.
Azerbaijani Ministry of Finances
Azerbaijan increases defense expenditures to 25% of budget
In two months of 2025, defence and national security expenditures within Azerbaijan's state budget amounted to more than $1 billion, which equals to 120.8% in comparison to the allocated target amount, the Azerbaijani Ministry of Finance …
Zangezur corridor to enhance Trans-Caspian International Transport Route’s capacity
The Zangazur corridor will significantly enhance the capacity of the Trans-Caspian International Transport Route (the Middle Corridor), Azerbaijan’s Minister of Finance Samir Sharifov said during a panel discussion as part of the …
Azerbaijan to spend billions of dollars for Karabakh's revival
The Ministry of Finance of Azerbaijan said that the reintegration of Karabakh into the country's economy was the main priority of Baku. Billions of dollars have been allocated for the restoration of Karabakh.
Billions of manat to be spend on reconstruction in Karabakh and Zangazur
The state budget of Azerbaijan for 2023 will provide 5.2 billion manat ($3 billion) for expenses related to accelerating construction, restoration and reconstruction work in Azerbaijan’s Karabakh and Eastern Zangazur districts, …
Azerbaijan allocated over $ 6,6 bn for Karabakh reconstruction
For three years, Azerbaijan has allocated over $6.6 bn for the restoration of Karabakh
Azerbaijani Minister of Finance: main task for 2021 - restoration and reintegration of Karabakh
The year 2020 has not been an easy year for Azerbaijan, Minister of Finance Samir Sharifov said at the meeting of the Azerbaijani Parliament commenting on the proposals and opinions of the MPs. The finance minister said the coronavirus …
Azerbaijan developing state program for restoration of liberated territories
A special state program draft is being developed for the restoration of the Azerbaijani territories liberated from the Armenian occupation, Azerbaijan's Minister of Finance Samir Sharifov said at a meeting of the Azerbaijani Parliament today, …
Azerbaijani parliament approves 2020 state budget
The Azerbaijani parliament approved the bill 'On state budget of the Republic of Azerbaijan for 2020' today at the last reading. The revenues and expenses of the consolidated budget for 2020, as in the submitted bill, are …
Azerbaijan's Finance Ministry to protect manat rate
The Azerbaijani authorities don't rule out that depreciation of currencies of the neighboring countries and trade partners of Azerbaijan increases impact on manat rate, Azerbaijani Finance Minister Samir Sharifov …
Samir Sharifov: Azerbaijani sovereign rating to be restored
Azerbaijan will gradually restore its sovereign rating, the country's finance minister, Samir Sharifov, said. "Our rating will be gradually restored with the stabilization of the economic situation, the growth …
Ilham Aliyev: We need to create economic bridge between Azerbaijan and Qatar
Baku and Doha have to raise the level of economic cooperation to the level of political cooperation, establish an economic bridge between the countries, and there are a lot of prospects for that, the President of Azerbaijan Ilham …
Committee for Financial Stability to be created in Azerbaijan
A committee on financial market stability regulation will be created in Azerbaijan, the head of the working group on the establishment of the country’s financial market supervisory body, Rufat Aslanli, said at a …
Natig Amirov speaks about economic reforms in Azerbaijan
Azerbaijan is now taking concrete steps to sign a document designed to encourage the development of non-oil industry, business, improving transparency, including in the financial sector, and further strengthening of public control mechanisms. …
Azerbaijan's Ministry of Finance sells government bonds for 20 million manats and $12 million
Yesterday the Ministry of Finance of Azerbaijan successfully organized auctions for sale of government bonds for 20 million manats and $12 million, the agency reported. "Investors purchased bonds for 5 million manats with …
Azerbaijan revises state budget based on $25 per barrel
The government of Azerbaijan has submitted a new draft state budget for the current year to the president Ilham Aliyev, Azerbaijani Finance Minister Samir Sharifov said. According to him, the base price of oil …
Azerbaijani Finance Ministry points to mistakes of S&P
Azerbaijani Finance Ministry has pointed out inaccuracies contained in the report released yesterday by the ratings agency Standard & Poor's, the drafters of which lowered the credit rating of the Republic by one notch from BBB-/A-3 …
Azerbaijan allocates money to protect national horse breeds
President of Azerbaijan Ilham Aliyev has ordered measures to be developed for improving the financial and technical support for national horse breeding. 5.8 million manats were allocated for these purposes from the Presidential Reserve …