The newly-created Azerishig will conduct structural changes to improve the management system.
As a result of the structural changes, Sumgait Regional Electric Network MMC Ltd will be closed. The Northern Regional Department of Power Supply will be established instead of it.
The Department will include the power distribution sub-divisions of Sumgait as well as northern regions Guba, Gusar, Shabran, Khachmaz, Khyzy and Siyazan.
Azerishig was created by the presidential decree on February 9, 2015 to improve power supply of the regions of the country. It was established on the basis of Bakielectricshebeke JSC, which was in charge of power distribution in Baku and Absheron peninsula. Before that Azerenerji, state monopoly for power generation and transportation, was in charge of power distribution in the regions.--0--
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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