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New Regulation of Ministry of Economic Development underway вЂ" Minister Babayev

Politics Materials 24 November 2005 18:20 (UTC +04:00)
New Regulation of Ministry of Economic Development underway вЂ" Minister Babayev

The new Regulation of the Ministry of Economic Development will be adopted soon, Trend quotes Heydar Babayev, the Minister for Economic Development, as saying to a local television channel ANS.

According to Babayev, the structural reforms within the Ministry of Economic Development will be continued. “Currently we are developing a new Regulation and expect to adopt it shortly,” he emphasized.

Babayev noted that the regional units of the Ministry should be involved only in the development of regions. Babayev also welcomed the transference of the city and distinct units of the Ministry to the State Committee on Privatization and Management of the State Property.

"As the regional units are involved in the privatization and property management, they will be given to the State Committee. A relevant commission was established to carry out the work in this direction,” he underlined.

Some violations were found as a result of inspection in different bodies of the Ministry and they will be made public shortly. Babayev said that the adoption of the new Regulation and conduct of reforms will enable to strengthen the work of the Ministry.

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