Azeri parliament holds revision of economic legislative acts MP Asadullayev
The Milli Majlis [Azerbaijan parliament] is re-establishing its activities and attaches more importance to the work to the parliamentary commissions with respect to increase the productivity. MP Chingiz Asadullayev said that the parliamentary commission on economic policy set up the revision of legislation in the economic sector the lawyers are attracted for restructuring the legislative acts. It is necessary to view how the laws enforce, their efficiency and profitability for all it concerns, Asadullayev underlined.
Taking into consideration the countrys priorities, which stipulate the establishment of middle class, the development of new legal acts, the Mili Majlis will come out from this aspect. Today leasing is one of the most active and advanced type of activities throughout the world. A working group has been established for improvement of the legislation in his sphere between the parliamentary commission and the Association of Leasing companies of Azerbaijan.
Work over improvement of the banking legislation is under development. Today there is a problem with the establishment of the Fund of Community Deposit Insurance. The parliament is also interested in the active functioning of the law on Mortgage and making the mortgage credit ore attractive for all people. The issue on taxation, which assumes special significance for the development of economy and private sector, is considered systematically, Asadullayev underlined.