Bank Of Baku

Azerbaijan to study practice of Sweden and Kazakhstan on establishment of private pension funds

Azerbaijan to study practice of Sweden and Kazakhstan on establishment of private pension funds
# 09 June 2011 12:46 (UTC +04:00)
Baku. Sevil Zeynalgızı - APA. SOFAZ is learning foreign experience in direction of preparation of appropriate legislative basis for establishment and functioning of private pension funds in the country, chairman of SOFAZ Salim Muslumov said.

To him, this experience will be used in reforms to be conducted in Azerbaijan in future: “For this purpose, two days ago, our officials paid visit to Estonia. Practice of Poland, Germany and other countries has already been studied. Thereafter, practice of Kazakhstan, Sweden and other countries will be studied”.
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THE OPERATION IS BEING PERFORMED