Financial support program prepared for providing salaries of 304 thousand hired employees, whose field damaged by coronavirus
- 31 March 2020
“In accordance with your instruction, we attempted to prepare a steady program by involving representatives of govrenment, Ministries, Committees, private sector, Azerbaijan Banks’ Association, Central Bank of Azerbaijan, small and medium-sized businesses and Development Agency, as well as Entrepreneurs’ Confederation and with general coordination of Prime Minister, while conducting consultations with heads of four working groups and I report it in front of you. While determination of the frame, you, in working form, instructed us to target awareness of community and finalization of programs are considered within framework of these consultations”, said Economic Minister of Azerbaijan Mikayil Jabbarov when he was received by President Ilham Aliyev.
The minister noted that direct financial support program is presented for the payment of the wages of 304 thousand hired employees working in 44 thousand business entities, as an areas, opearting in the areas affected by pandemic to date: “Financial support program for 292 thousand individual microbusiness entities and individual entrepreneurs opearting in the areas affected by pandemic. The main condition and framework of both programs are directed to not reducing work places.Although these programs are addressed to different audiences- employees and entrepreneurs, as an approach, they ensure direct financial support. In this period, it is suggested to entrepreneurs, institutions which do not have short term liquidity to continue their activity, and in many cases their employees which are the main cost, to pay the significant part of the salary of hired employees.”