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 July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review