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
-
On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
-
Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
-
Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
-
While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
Leave a review