Fighting Sports

Home page

Fighting Sports

SOFAZ spends AZN 46.8m on improvement of conditions of IDP and refugees

01 November 2006 11:36 (UTC +04:00)

AZN 75.1m was utilized for the financing of AzBTC Co.â€™s share in Heydar Aliyev Baku-Tbilisi-Ceyhan pipeline project and AZN 455m was transferred to the State Budget.
â€œAZN 1.7m and AZN 7.5m was respectively used for financing construction of the Oghuz-Gabala-Baku water supply system and financing the reconstruction of the Samur-Absheron irrigation system. AZN 20m was allocated for formation of the authorized capital of the State Investment Company.
The Fundâ€™s administrative and operation expenses in nine months were AZN 0.7mâ€?.
The Fundâ€™s extra-budgetary expenditures and payments, including asset revaluation expenses were AZN 29.6m in this period. The assets of SOFAZ as of September 30, 2006 grew by 7.4% as against the beginning of the year and stood at AZN 1 374.8m./APA/