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New barter company appears in Azerbaijan

Business Materials 2 November 2009 15:16 (UTC +04:00)

Azerbaijan, Baku, Nov. 2 / Trend , U.Ismayilova/

The first barter company "Azbarter" appeared in Azerbaijan, whose services may be the most effective in combating the global crisis during the period of scarcity of financial resources on the world capital markets, the head and founder of the company, Khayal Mammadkhanli said on Nov. 2.

"Under the financial crisis, many companies switch to a barter scheme of work with partners," said Mammadkhanli.

Barter is the exchange of goods and services without the involvement of cash resources.

He said under the regulations, "Azbarter" will include companies that have active means and have a certain image in the economy.

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