TODAY.AZ / Business

AZN 2 739 000 and US$ 59 000 allocated to Assistance Fund for Azerbaijani Armed Forces

12 August 2006 [09:27] - TODAY.AZ
AZN 2 739 000 and US$59 000 have been allocated to the Assistance Fund for Azerbaijani Armed Forces by 7 August, Defense Ministry press secretary, Colonel Ramiz Malikov told.

According to APA, he said the Fund established by the August 17, 2002 presidential decree is funded by different individuals, public organizations and state bodies.

According to the Fund regulations financial sources are formed by voluntary allocations by physical and juridical persons as well as other legal funds.

The Fund allocation is spent on development of maintenance, preparation of military goods and their test, their production, repair and modernization, carrying out military scientific research works, purchasing of military equipment, weapons as well as training of military personnel and solving their social and domestic problems.

URL: http://www.today.az/news/business/28925.html

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