GERMANY BOLSTERS ECONOMIC REFORMS IN AZERBAIJAN
The German Government will allocate €6 million within short time to Azerbaijan-Germany Fund in order to assist small and medium enterprises, AzerTAj correspondent learnt from the embassy of Germany. The main aim of the funds is to support banking credits boosting private sector of Azerbaijan.
Within the frameworks of the bilateral financial cooperation, extra €1,15 million will be allocated to the Azerbaijan Micro-financing Bank and €3,5 million – to re-construction of the Azerbaijan land cadastre.
Moreover, it is scheduled to support technical cooperation-related projects. For instance, German side is going to allocate €3,15 million to providing consulting services for privatization of enterprises and €1,15 million to reforming court and legal system.
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