...

Guarantee Fund of Azerbaijani and Germany: Joint Credit to Establish

Politics Materials 6 June 2007 12:15 (UTC +04:00)

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.

Latest

Latest