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Azerbaijani Economy Ministry registers two grants of commercial organizations

Business Materials 27 January 2010 14:50 (UTC +04:00)
The Azerbaijani Ministry of Economy Development registered two grant agreements with two commercial legal entities, the Ministry reported. .
Azerbaijani Economy Ministry registers two grants of commercial organizations

Azerbaijan, Baku, Jan. 27 / Trend

The Azerbaijani Ministry of Economy Development registered two grant agreements with two commercial legal entities, the Ministry reported.  The Ministry carried out registration in accordance with rules of registering agreements on grant receipt  

Total amount of funds issued under these agreements hit $125,000. The Ministry allocated the funds for realizing virtual network projects - the Internet system of one non-banking credit organization, supporting high-quality translation and publication of different materials in the Azerbaijani language

In accordance with the administrative violations Code, the Ministry fined a commercial organization because copies of grant agreements were not submitted in terms. The organization paid fine to the public budget

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