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Criteria for commercial organizations in Azerbaijan related to socially significant structures determined

Business Materials 24 April 2010 10:10 (UTC +04:00)
The Azerbaijani Cabinet of Ministers made changes to the criteria for commercial organizations (except for credit institutions, insurance companies, investment funds, non-governmental (private) social funds, legal entities whose securities are traded on the Stock Exchange), which belong to the socially significant structures.
Criteria for commercial organizations in Azerbaijan related to socially significant structures determined

Azerbaijan, Baku, April 24 / Trend /

The Azerbaijani Cabinet of Ministers made changes to the criteria for commercial organizations (except for credit institutions, insurance companies, investment funds, non-governmental (private) social funds, legal entities whose securities are traded on the Stock Exchange), which belong to the socially significant structures.

According to the Cabinet of Ministers' order, the socially significant structures can include commercial organizations with annual revenue of 120 million manat, with an average number of employees - 1,500 people during the reporting period and the total balance of 300 million manat.

This decision came into force on the date of signing - April 22.

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