Bank Of Baku

Azerbaijani President allocates AZN 5 million to Agroleasing and AZN 2 million to Nakhchivan-Agroleasing

Azerbaijani President allocates AZN 5 million to Agroleasing and AZN 2 million to Nakhchivan-Agroleasing
# 21 July 2009 17:38 (UTC +04:00)
Baku - APA-Economics. Azerbaijani President Ilham Aliyev has signed an order to allocate AZN 5 million to from the President’s Reserve Fund to Agroleasing for its branch network expansion.

In addition, under the order, AZN 2 million has been allocated to Nakhchivan-Agroleasing for
the construction of storage facilities for fertilizer and agricultural machinery.

The Ministry of Finance is tasked to ensure the provision of financing.

The State Committee on Property and the Ministry of Taxes are tasked to take the necessary steps, within their authority during one month, to make appropriate changes to the company’s Charter in order to allow authorized capital rise.
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