All the bodies subordinated to the Ministry of Education since the beginning of 2017 will be transferred from the customer base of the International Bank of Azerbaijan to Capital Bank.
Confirming this information for Turan, the Advisor to the Rector of Baku State University on Financial Matters Mazahir Sultanov noted that the process began in January.
“This process is not only for BSU, but also for all educational institutions subordinate to the Ministry of Education,” he said.
According to him, many bank accounts have been transferred to Capital Bank.
Note that all teachers and other staff of universities were paid through IBA. ----71D
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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