SOFAZ Supervisory Board holds regular meeting

The meeting was presided by Premier Artur Rasizade, Prime Minister of Azerbaijan and Chairman of the Supervisory Board. At the meeting, discussed was the SOFAZ draft budget for 2011.

The Supervisory Board approved the Fund`s 2011 budget revenues at 9 132 941.0 thousand AZN, its expenditures at 6 886 155.4 thousand AZN and the Fund’s operating expenditures at 57 494.3 thousand AZN.

The Supervisory Board recommended the Fund’s 2011 draft budget, including the key directions of its investment policy, for the approval by President of the Republic of Azerbaijan.


/AzerTAc/