The state represented by the Ministry of Finance paid citizens 13,989,990 manats for material and moral losses in 2012. This year, this will amount to 3.29 million manat. This was approved in the budget package for 2014.
According to this document, the following year, the government expects to increase this figure by another 6.4%.
According to court decisions, 75% of damage to persons as a result of the invalidity of privatization is paid by the state through the Ministry of Finance. The remaining 25 % is assigned by judicial decisions to the State Committee on Property.
Only one court decision in 2006, property was lost by 578 citizens who had been sold 55.03 % of the shares of the now liquidated Aydin Guliyev ve Fahraddin Gardashlary Binegedi Insaat Senaye JSC.
Payment for damage after long litigation began in 2012. Perhaps the financial compensation was also received by the owner of 39.58% Fikret Gurbanov, at the suit of whom the result of the privatization of the company had been annulled. -08B-
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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