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Agricultural Insurance Fund established in Nakhchivan - Vasif Talibov signed a decree

09.01.2020,12:05


January 9, Fineko/abc.az. Chairman of the Supreme Mejlis of the Nakhchivan Autonomous Republic Vasif Talibov signed a decree on the establishment of the Agricultural Insurance Fund.

ABC.AZ reports that non-profit legal fund Agricultural Insurance Fund has been established in the Nakhchivan Autonomous Republic in compliance with the decree. The NAR Cabinet Ministers is tasked to approve the Charter of the Fund, ensure the formation of the primary authorized capital of the AIF, and resolve other issues arising from this decree.

The NAR Ministry of Finance will provide an annual part of the payment of the AIF fee due to State Budget finances envisaged in the draft State Budget.