ATIB, Azeri Association of leasing companies sign memo on co-op

Business Materials 22 December 2005 15:00 (UTC +04:00)

The Union of Azerbaijani-Turkish Entrepreneurs (ATIB) and the Association of Leasing Companies (ATIB) held a signing ceremony of a memorandum on cooperation on Thursday, Trend reports.

The document was undersigned by the chairman of ATIB, Ahmet Erentok, and the chairman of the Managing Board of Association, Jeyhun Mammadbeyli.

According to Erentok, the protocol targets expansion of the cooperation among entrepreneurs and leasing companies. ATIB has analogous protocols with different public organizations active in Azerbaijan.

“We also want to cooperate in organization of discussions over the leasing legislation, development of relevant proposals. Our cooperation will not enable to provide for development of leasing sector in Azerbaijan. All operations in North Europe are implemented on leasing system. It is necessary to upgrade this sector in the country,” he noted.