Azerbaijani Armed Forces Relief Fund's assets see rise
By Laman Ismayilova
The capital assets of the Azerbaijani Armed Forces Assistance Fund exceeded 78,192 million as of December 1, 2016.
The Defense Ministry reported that the capital assets of the Fund made $212,373, while the euro account made 5,635 euros.
The Armed Forces Assistance Fund was established under the order issued by the President of Azerbaijan on August 17, 2002.
The Armed Forces Assistance Fund is formed on the basis of voluntarily donations of individuals and legal entities and at the expense of the other donations not prohibited by the laws of Azerbaijan.
The Azerbaijani Army, which today is considered the most modern army in the Caucasus, consists of Air Force and Air Defense Forces, the Navy, and the Land Forces.
Today, Azerbaijani Army is one of the most powerful, highly disciplined armies in the world and the leading in the region, which is equipped with modern military machinery.
The skills and combat readiness of the Azerbaijani army are growing year by year. The army building process in Azerbaijan is progressing as well.
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