Minister: Companies of 12 spheres to get benefits in Azerbaijan amid coronavirus

Minister: Companies of 12 spheres to get benefits in Azerbaijan amid coronavirus

BAKU, Azerbaijan, March 23

Trend:

Companies of 12 spheres will get benefits in Azerbaijan amid coronavirus, said the country’s Minister of Economy Mikayil Jabbarov, Trend reports.

“Intensive work is underway to determine the areas most affected by the coronavirus pandemic, including the main areas that shape economic growth and employment, strengthen the economic and financial stability of the country, and to decide on support measures that can be provided by the state,” the minister told media outlets.

Jabbarov added that the working group set up for this purpose at the initial stage has identified about 12 areas of activity that are most susceptible to negative impact of coronavirus.

“These spheres are tourism, hotels, food, entertainment, transportation, shopping centers, etc. The state is considering the possibility of providing business entities with urgent tax benefits and vacations, and easing the conditions for lending to businesses. To this end, intensive discussions are underway with the relevant government agencies, the Central Bank and the Association of Banks of Azerbaijan,” Jabbarov explained.

He noted that the working group will prepare and submit to the head of state relevant proposals for protecting the business and minimizing losses. At the same time, employers, in turn, should review relations with leasing holders in the current conditions, discuss issues of freezing rents and others.

The minister also spoke about how the issue of protecting jobs and employment is in the focus of state attention. Jabbarov emphasized that the rights and social protection of employees will be ensured.

Addressing employers, the minister urged them not to allow the reduction or dismissal of workers against the background of temporary difficulties, to adhere to the principles of social responsibility.

“Otherwise, the government will take serious measures against these entrepreneurs,” he said.

Jabbarov noted that there are no difficulties in providing the country with everyday goods. He emphasized that the government works closely with large suppliers.

There are necessary reserves to cover the country's needs, and the domestic market has been provided with the necessary products, added the minister.

Active supply of Turkish cement to Italy amid pandemic recorded
Active supply of Turkish cement to Italy amid pandemic recorded
Turkmen Ministry of Construction to purchase equipment from Italian company
Turkmen Ministry of Construction to purchase equipment from Italian company
E3 says Iran sanctions relief to continue beyond Sep. 20
E3 says Iran sanctions relief to continue beyond Sep. 20
Loading Bars
Latest
IMF talks Georgia's investment potential
Defense Minister: Azerbaijan Army ready to suppress any provocations of Armenia, undertake strong retaliatory actions
SOCAR applying digital road map for using high technologies
Uzbek Agroindustry and Food Security Agency to buy laboratory equipment via tender
Production of several products in Iran climbs
Weekly review of Azerbaijan's precious metals market
SOCAR gives sneak peek of its new dev’t strategy
Weekly review of Azerbaijani currency market
Georgian Tbilisi to be host city for 2021 ADB’s 54th Annual Meeting
Azerbaijani FM receives head of International Committee of Red Cross Delegation (PHOTO)
IMF, Turkmenistan review indicators for country's state budget
Minister: Georgia shows signs of economic recovery
Active supply of Turkish cement to Italy amid pandemic recorded
Uzbekistan to include goods and services in Unified Electronic Catalog
Kazakhstan's oil & gas company opens tender to buy filter blocks
Azerbaijani Central Bank unveils number of borrowers with restructured loans
Georgia sees increase in COVID-19 cases
Production started at Uzbek gas condensate field
Japan, Uzbekistan to increase tourist flow between countries
Turkmen Ministry of Construction to purchase equipment from Italian company
Kazakhstan, Russia agree to resume mutual flights
Turkmenistan, Ukraine discuss trade, economic cooperation
Iranian currency rates for September 19
Number of coronavirus cases in Uzbekistan pass 50,000
Armenia violates ceasefire with Azerbaijan 36 times
Australia COVID-19 hotspot records fewest cases since June
Turkey summons Greek envoy over expletive headline against Erdoğan
E3 says Iran sanctions relief to continue beyond Sep. 20
Georgia sends armored medical evacuation vehicles to Indonesia
65 new COVID-19 infections reported in Kazakhstan over past day
UN, Kazakhstan intend substantially contribute to environmental resilience (INTERVIEW)
Japan's new PM Suga to meet with Pompeo in October
Chinese mainland reports 14 new imported COVID-19 cases
Brazil's COVID-19 death toll tops 135,000
French finance minister tests positive for COVID-19
Trump says he sees no reason to delay TikTok decision
Eleven more coronavirus patients die in Moscow in past day
Qatar reports 224 new COVID-19 cases, 122,917 in total
Kazakhstan's crude oil exports to India surge in 1H2020
Georgia to acquire 135 000 doses of flu vaccines in October
Istanbul introduces alternate working hours for public servants amid COVID-19 pandemic
Kazakhstan launches programming learning platform
UK PM Johnson says second wave of virus inevitable, new restrictions possible
Israel's daily new COVID-19 death cases hit record high
Iran, Russia stress promoting scientific, technological coop.
Kazakh company looking to establish medical cannabis production
Azerbaijan’s Baku to hold World Cups in three gymnastic disciplines in 2021
Georgia increases export of apples
Data on cargo movement from Albania via Turkish ports revealed
Deputy PM: 'Contract of the Century' - special among grandiose events in Azerbaijan's history
Minister: Azerbaijan - integral part of global energy security system
Spanish capital region orders partial lockdown in some COVID-hit areas
COVID-19 kills 144 more Iranians over past 24 hours
Representatives of Azerbaijani Karabakh community meet with ambassadors of several countries
Azerbaijan on Kazakhstan's list of 'safe' countries in terms of COVID-19 threat
Data on industrial production of Uzbekistan for January through August 2020
Net profit of Georgian insurance companies increases
Azerbaijan preparing proposals to develop hazelnut growth
Central Bank of Azerbaijan announces slow post-COVID economic recovery
Azerbaijan’s mining, IT companies sign tender contract
Georgian finance minister elected chairman of ADB board of governors
Baku Stock Exchange includes AzerGold's bonds in listing
Baku holds video conference entitled "Heritage of Caucasian Albania" (VIDEO)
Clients of Azerbaijan's bankrupt Standard Insurance receive compensations
Georgia continues projects of Winter resort in Gudauri
Turkish cement in great demand in Turkmenistan’s construction markets
Azerbaijani MP: Armenia's draft law on so-called "genocide" aims to deceive world community
Azerbaijani oil prices continue to grow
ENKA Renewables: Namakhvani HPP Cascade project to have substantial impact on property tax
BMB Trade Group develops project for livestock complex in Uzbekistan
U.S. current account deficit surges 52.9% in second quarter
Companies reserving capacity in IGB disclosed
Gold, silver prices in Azerbaijan rebound
Requirements to oil&gas service companies to be revised in Kazakhstan
Turkmenistan working to improve transport, customs systems
Firefighter dies in California wildfire - U.S. Forest Service
IGB to start commercial operations by July 2021
Germany to send observers for Georgia’s parliamentary elections
Iran expected to launch neobanks by 2021
S.Korean, Azerbaijani officials discuss healthcare co-op
Number of gas consumers increased in Turkmenistan’s Lebap region
Rami Levy said mulling withdrawal from Delek Israel deal
Azerbaijani economy ministry: Digitalization - important component of economic dev't
Azerbaijan confirms 135 more COVID-19 recoveries
Baku International Energy Charter Forum to be held online
Azerbaijan's oil pumping through BTC pipeline shrinks
International tourism restrictions to be canceled in Uzbekistan
Azerbaijani president congratulates president of Nepal
Sulfur production increases in Kazakhstan in Aug, 2020
Russia to invest in modernization of power generation field of Uzbekistan
Kazakhstan, Turkmenistan in talks on gas exports
Minister: Georgia moving towards period of adaptation
Average daily volume of gas production at Turkmenistan’s Uchaji field revealed
Azerbaijan Deposit Insurance Fund continues compensating depositors of closed banks
Azerbaijan raises propylene production
Georgia sees increase in hazelnuts exports
Pumps producer terminates memorandum with Kazakhstan's largest oil pipeline company
Kazakh coal extracting venture opens tender to buy vehicles
Iran's industrial production increases
French imports of leather goods from Turkey down
All news