Azerbaijani Ombudsperson’s recommendation has been taken
into consideration by the government

sThe recommendation of the Ombudsperson on applying concessions in
granting mortgage loans to the persons who worked as a teacher in state-owned
secondary educational facilities at least for 15 years has been taken into
consideration by the government. As such, recently, the President of the Republic
of Azerbaijan, Ilham Aliyev has signed a Decree On making amendments to the
“Rule of granting mortgage loans, including preferential mortgages at the expense
of the Mortgage and Credit Guarantee Fund”.

According to the relevant changes, teachers who worked at least for 15
years in state-owned secondary educational facilitieswill be able to receive
mortgage loans at a special reduced rate. In addition, the length of service of
teachers who are a member of a young family wasreduced from 5 to 3 years,
and not only teachers working in state-owned secondary educational facilities
but also those who are a member of a young family working in other educational
facilities will be able to receive mortgage loans at reduced rate. .