Azerbaijan, Baku, Oct. 26 /Trend, A.Akhundov/
In order to improve the financial situation of public enterprises and efficiently use capital investment, allocated from the public budget and off-budgetary state funds, the Cabinet of Ministers has decided to direct these funds towards increasing the authorized capital of state-owned enterprises, on the official website of the Cabinet of Ministers reported.
The decision by the Cabinet of Ministers says that from 2010, the funds allocated from the public budget for capital investments intended to improve the activities of government institutions, strengthen the material-technical base will be included in the authorized capital of state enterprises.
The Cabinet of Ministers also decided to count the investments from the state budget and off-budge public funds for 2007-2009, aimed at increasing the authorized capital of public enterprises.
The decision of the Cabinet of Ministers comes into force from the day of signing.