Azerbaijan eyes to expand range of financing tools

By Trend
Azerbaijan plans to expand the range of financing tools, Vice President of the National Confederation of Employers' Organizations of the Azerbaijan Republic Vugar Zeynalov told Trend.
Zeynalov said that the confederation is aimed at increasing the availability of financial resources in Azerbaijan.
"We should create new financing tools and develop the issuance of funds under leasing, factoring, subsidizing and some other types," the vice president said. "Islamic banking includes at least four financing tools that provide the population and businesses with the access to the financial resources."
The vice-president stressed that today the availability of foreign countries' financing tools can not be expanded in the local market due to the Azerbaijani legislation and legal environment.
"The work is already underway to optimize the legislation and our confederation is conducting research on this market," Zeynalov added.
---
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!