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Azerbaijan to pay for some types of agricultural insurance

29.11.2019,11:58


November 29, Fineko/abc.az. Part of agricultural insurance fees in the State Budget has been determined.

ABC.AZ reports that the Cabinet Ministers adopted a resolution on approval of the part of the agricultural insurance contribution to be paid at the expense of the State Budget on each insurance product".

According to the resolution, the agricultural insurance premium is paid from the State Budget in the amount of 50% of the insurance premium on crops and crop production (including perennial plants and their products), 50% of the insurance premium on farm animals and livestock, 50% of the insurance premium on aquaculture.

The decision comes into force on 1 January 2020.