SOFAZ's supervisory council approves amended budget for 2010

During the meeting, SOFAZ Executive Director Shahmar Movsumov presented the annual report on the activities of the fund for 2009, the Independent Auditor's Report (Company Delloitte & Touche) on financial activity in 2009 and a draft budget.

The Supervisory Council also recommended to submit these documents to the president. SOFAZ revenues in 2009 was 8 176.7 million manat, and costs - 5 294.5 million manat. The meeting of the Supervisory Council was chaired by Prime Minister Artur Rasizade, who was re-elected to the presidency of the council in 2010.


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