Small and medium-sized private enterprises due to start next year, will be brought up to the state level.
As journalists Deputy Minister of Communications and Information Technologies Elmir Valizadeh, support function will take on the ICT Development Fund, created by presidential decree on 15 March this year, the establishment of this organization in the ministry.
Constituent documents, Fund earns revised statutes and regulations on business. Providing companies issuing soft loans and grants for projects is a major challenge posed by the structure. Incentives provided by the government, significantly ease the situation of local communicators from the private sector.
Also provided is direct financial assistance to authors of "hot" business ideas. In addition, the fund will be administered by the practical training, including overseas. -17D-
Economics
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Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
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The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
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Azerbaijan’s Cabinet of Ministers has approved new hourly wage rates for educational staff involved in teaching activities at state-funded institutions, effective immediately. The decision, formalized under Decree No. 542, outlines differentiated payments based on academic qualifications and teaching levels.
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The government of Azerbaijan approved new regulations regarding the leasing of agricultural lands in liberated territories to residents of villages and settlements on preferential terms. This initiative aims to revitalize rural communities and stimulate agricultural production.
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