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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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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