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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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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Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
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The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
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