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

AZN 75.1m was utilized for the financing of AzBTC Co.'s share in Heydar Aliyev Baku-Tbilisi-Ceyhan pipeline project and AZN 455m was transferred to the State Budget.

"AZN 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 Fund's administrative and operation expenses in nine months were AZN 0.7m."

The Fund’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 reports.