EU NEGOTIATES WITH CABINET
Head of the project Mr. Tim Levien, in his turn noted that aim of the European Union is to lay foundation for development of financial market in Azerbaijan. He also pointed out that Azerbaijan Unibank has already issued bonds, in February. Another 2 kinds of bonds will be issued in 2 month, later – 6 ones. Some banks of Azerbaijan will be able to issue securities in next future.
Members of the group of EU projects implementation are also well-aware of the agrarian sector of Azerbaijan, press secretary of the European house Sahib Mammadov told AzerTAj correspondent. In particular, EU has already rendered assistance in the framework of the projects foodstuff safety, as well as crediting Azerbaijan farmers. In 2002, new project of support of Agrarian-Credit fund and its preparation to the privatization process launched. Recently, two structures – Agrarian Credit Fund and Agrarian Credit Joint Stock Company were amalgamated. EU experts consider that this process promotes the improvement of farmers crediting process. This project will be finished in May 2004.
Other news in this section
