The State Committee for Standardization, Metrology and Patents (SCSMP) has prepared a proposal to change the legal status of its three units financed from the state budget. The talk is about transforming them into public entities on the basis of self-financing.
The Head of Press Service of the State SCSMP Fazil Talibov told Turan that the State Metrology Service (GPS), the State Accreditation Service (GSA) and the Azerbaijan Institute of Standardization and Certification can be converted to public entities. "Not only in Europe, but also a number of the CIS countries, this kind of state structures perform functions assigned to them by the entity and are not funded by the state." It isexpected that there will be reduction of personnel and the State Standard in the machine. The state budget for 2016 to finance petroleum products allocated 557,876 manat, the GSA- 286,508. 08B
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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