Budget policy of Azerbaijan for 2015 discussed

Budget policy of Azerbaijan for 2015, influence of rapid oil price decline on budget, management of public finance of Azerbaijan were discussed at the business forum organized by the Caspian European Club in Baku on December 9 and held with participation of Azerbaijani Minister of Finance Samir Sharifov.

Addressing the business forum, Sharifov thanked Caspian European Club for arranging the business-to-government dialogue.

He said that the conduction of such meetings within the Caspian European Club enables to establish a much closer cooperation of government agencies with the private sector, which promotes development of the economy of the country in general.

At the beginning of the meeting Sharifov spoke in details about the activity of the Ministry of Finance of Azerbaijan, and major aspects of the financial policy of the state.

Discussed at the meeting was a financial policy of Azerbaijan, budget policy, as well as issues that were of interest to the Caspian European Club member companies.

Addressing the business forum, Chief Executive Officer of the Caspian European Club Telman Aliyev thanked Sharifov for a constructive dialogue as well as for attention to proposals and requests expressed by the Caspian European Club members at the event.

He noted that Caspian European Club was established in June 2002 in association with Caspian Energy International Media Group and under intensive support of the largest oil&gas companies operating in the Caspian-Black Sea region. Ilham Aliyev, President of the Republic of Azerbaijan, has been a chairman of Caspian European Club.

Telman Aliyev said that Caspian European Club has promoted attraction of oil sector revenues into development of the non-oil sector since its establishment. Caspian European Club which brings together over 5000 companies and organization is operating in 50 countries around the world, carrying out an active work on maintenance of the dialogue between government agencies and the private sector.

Sharifov received an honorary membership certificate of the Caspian European Club. Certificates were also presented to new member companies of the Caspian European Club.

Signed within the activity were also memorandums about cooperation between the Caspian European Club and a number of business associations and organizations, in particular, with a national confederation of entrepreneurs of Azerbaijan, Association of insurers of Azerbaijan, ATIB and TUSIAB. Executives of companies and representatives of a number of diplomatic agencies accredited in Azerbaijan also attended the meeting of the Caspian European Club.