Azerbaijan eyes to expand range of financing tools
Date
3/6/2022 12:09:44 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, March 6
By Sadraddin Aghjayev - Trend:
Azerbaijan plans to expand the range of financing tools, Vice
President of the National Confederation of Employers' Organizations
of the Azerbaijan Republic Vugar Zeynalov told Trend .
Zeynalov said that the confederation is aimed at increasing the
availability of financial resources in Azerbaijan.
'We should create new financing tools and develop the issuance
of funds under leasing, factoring, subsidizing and some other
types,' the vice president said. 'Islamic banking includes at least
four financing tools that provide the population and businesses
with the access to the financial resources.'
The vice-president stressed that today the availability of
foreign countries' financing tools can not be expanded in the local
market due to the Azerbaijani legislation and legal
environment.
'The work is already underway to optimize the legislation and
our confederation is conducting research on this market,' Zeynalov
added.
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