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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