Azerbaijan, Baku /corr. Trend I.Khalilova / The Ministry of Economic Development of Azerbaijan will improve the permit system through the support from the International Finance Corporation, said the Ministry's Entrepreneurship Development Department, Samir Nuriyev.
"Unlike license system, necessary rules have not been defined in the permit system, i.e. there are not register, the organs presenting permits have not been defined exactly," Nuriyev said.
The key work will include distrusting and regulating kinds of activity which demand special permits and certificates.
The IFC will render assistance to the Ministry of Economic Development within the project of technical assistance to Azerbaijan for protection of the rights of investors and development of the investment market. The project will begin by the end of 2007 and its acceleration depends on the donors which are attracted by the IFC. It is not excluded that the Swiss State Secretariat for Economic Affairs will be attracted. The Secretariat already participates in financing other IFC projects.
The beneficiaries of the technical assistance in the sphere of licensing will be the Ministry of Economic Development and Ministry of Emergency Situations and in the sphere of rights of investors - Ministry of Economic Development, State Securities Committee and National Bank of Azerbaijan.