The Cabinet has ordered the allocation of compensation for a total of 115,000 manat for damage to owners of uninsured six apartments on the street Suleiman Taghizadeh, 59 in Baku, as a result of the fire that happened on March 9. The apartment owners seven months after the incident received from AZN 5,000 to AZN 35,000 from the Executive Power of Baku City Yasamal District.
The disposal of the government was justified by the requests for aid received from the affected citizens in Yasamal District.
The money was allocated from the reserve fund of the state budget for 2012. The paper is justified by the rules on the use of the fund. The fourth paragraph of the rules states that the funds are allocated from the Reserve Fund for reasonable offers.
Since December 2011, in Azerbaijan, the law "On compulsory insurance" has been acting, according to which apartments are subject to compulsory insurance. Therefore, the current government's decision can be regarded as humane. --08D-
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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