Moody's does not trust Azeri debt calculationsMay 25, 2017 - 17:52 AMT PanARMENIAN.Net - An unexpected change in the policy of the Azerbaijani government, which decided to share debts between itself and creditors after so many years of support of the International Bank of Azerbaijan (IBA), was a surprise, CIS banking analyst of Moody's rating agency Peter Pakhin has said, according to Report.az. He noted that he does not believe the calculations of the Ministry of Finance of Azerbaijan on debts of the IBA: "I no longer trust the IBA and the reports of the Ministry of Finance. The problems can be deeper than we think." “The process of IBA’s recovery can damage the state budget and prevent financing of foreign projects, "Moody's representative said. Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | Armenian delegation participating in NATO PA session The delegation is headed by Andranik Kocharyan, the chairman of the standing committee on defense and security matters. Schengen visa cost won’t change for Armenia – diplomat The increase in the cost of a Schengen visa will not apply to citizens of Armenia, a Foreign Ministry spokesperson has said. Yeremyan Projects opens state-of-the-art dairy production plant Yeremyan Projects officially launched the Yeremyan Products state-of-the-art milk processing plant in Yerevan on May 24. Armenian PM’s helicopter makes emergency landing in Vanadzor The helicopter transporting Armenian Prime Minister Nikol Pashinyan made an emergency landing in Vanadzor. |