The Committee on Legal Policy and State Building of the Milli Majlis proposes to toughen the penalties for misuse of budgetary and other public funds.
According to the proposed amendments to the Criminal Code of Azerbaijan (article 308-1), for the admission of inappropriate use of the state budget, target budget funds and extra-budgetary funds a fine of 8,000 to 10,000 manats or imprisonment of up to 3 years will be applied.
Misuse of funds in the amount of 250,000 manat or more provides for the application of the penalty of imprisonment from 3 to 6 years.
The proposal will be submitted to the next session of Parliament in the spring session. --17D-
Economics
-
Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
-
The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
-
Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
-
In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
Leave a review