Procedure of obtaining domestic and foreign loans by state legal entities changed
President Ilham Aliyev's decree dated December 28, 2016 introduced changes to the "procedure of obtaining domestic and foreign loans by state legal entities.In line with a new decree signed by the head of the state, from now on this rule will not apply to the Central Bank of Azerbaijan, as well as the Mortgage and Credit Guarantee Fund.Until today this rule did not apply only to banks, non-bank credit organizations and insurance companies, 51% or ...