Azerbaijan, Baku / Trend corr. I.Alizadeh / During the session of the Milli Majlis (Azerbaijan Parliament), held on the 5th of June, has approved the financing co-operation between Azerbaijan and Germany.
Ziyad Samadzadeh , the chairman of the Parliamentary commission on Economic Policy, noted that the document would serve as the strengthening of the economic ties and the developing of finance co-operation and mutual benefits between the countries.
The main aim of the agreement is to obtain a long term credit for small-scale and mean enterprises.
Through the Guarantee fund, Azerbaijan plan to attract local banks into the means of the international market capital.
The Parliament approved the agreement after discussions.