Bank Of Baku

AzərTAc’s financing mechanism changed

AzərTAc’s financing mechanism changed
# 10 August 2016 16:25 (UTC +04:00)

Baku - APA. Azerbaijani President Ilham Aliyev has signed a decree on making an amendment to the regulations on Azerbaijan State Information Agency (AzÉ™rTAc), APA reported. 

 

The amendment is about the organizing of AzÉ™rTAc’s work. 

 
So far, the AzərTAc used to be financed by funds allocated from the state budget and revenues from information and economic activity used to be transferred to the state budget.
 

According to the amendment, the state agency’s maintenance and activities will be financed from the state budget, extra-budgetary funds, donations, loans and grants as well as revenues from its activities. 

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THE OPERATION IS BEING PERFORMED