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Azerbaijan will not get 16.5% UPU compensation next year

25 September 2007 15:06 (UTC +04:00)

Azerbaijan will not get 16.5% of terminal dues for the least developed countries next year. The Communications and Information Technologies Ministry of Azerbaijan said Universal Postal Union took into account occupation of Azerbaijanâ€™s territory by Armenia and mass damages to Azerbaijan while making the decision on compensation. Azerbaijan will get only 8% next year because the United Nations struck Azerbaijan off the list of least developed countries, and application for compensation can be considered once during a congress of the UTU.
Azerbaijan will earn $50,000 from the compensation this year. By a decision adopted at Beijing Congress in 1999, the developed countries pay 8% of terminal dues (non-parcel mail) to the least developed countries which need resources the most to improve their postal infrastructure. /APA-Economics/