BAKU, Azerbaijan, August 5. The "State program
on improving state-owned property management in Azerbaijan" has
been amended.
President of the Republic of Azerbaijan Ilham Aliyev signed the
relevant decree. The document text was published on his official
website.
According to the amendment, the transfer of fixed assets owned
by the state and with an initial unit value of more than 5,000
manat ($2,940) between individual state bodies and state-owned
legal entities will be carried out on the basis of decisions
adopted by the Cabinet of Ministers after receiving the opinion of
the State Service for Property Issues under the Ministry of
Economy, except for cases determined by the President of
Azerbaijan, including cases where the Ministry of Justice resolves
issues related to the financial and other material and technical
support of courts of first instance in accordance with Article 86
of the Law "On Courts and Judges". The transfer of fixed assets
owned by the state and with an initial unit value of 5,000 manat or
less between individual state bodies and state-owned legal entities
will be carried out based on the decisions of those state bodies
and state-owned legal entities after obtaining the written consent
of the State Service for Property Issues under the Ministry of
Economy.
