Finance

Finance

Application of income declaration among government officials starts in Azerbaijan

09 March 2012 10:48 (UTC +04:00)

It has been considered in the General Collective Agreement for 2012-2013, signed by the Cabinet of Ministers, Azerbaijan Trade Unions Confederation and National Confederation of Entrepreneurs (Employers’) Organizations of Azerbaijan

The document signed by PM Artur Rasizadeh, chairman of Azerbaijan Trade Unions Confederation Settar Mehbaliyev and President of the National Confederation of Entrepreneurs Mammad Musayev reflects agreed positions on socio-economic policy and social-labor relations and joint activity within 2 years.

One of the measures considered here is to strengthen the activity against corruption by filling income declarations and applying other effective measures among government officials.

Commitments undertaken by the sides in the filed of economic policy concern increasing the attention to allocation of state aid for small and medium-sized enterprises, reducing the volume of informal economy and continuing measures directed to real sector, as well as improvement of tax legislation considering the increasing of entrepreneursâ€™ investment activity conducting scientific research and development jobs.

According to General Collective Agreement, trilateral consultations will be used in reviewing of services of natural monopolists and imposed prices to their products. On the other side, monitoring is planned to hold for prevention of monopoly influencing the baseless price rise, limitation of competitiveness, distribution of markets, and application of agreed prices and make the results of monitoring public. As well as, itâ€™s planned to use relevant regulatory methods to keep the inflation in acceptable level.

Document also covers changes in mortgage loans system. According to contract, simplifying of conditions of mortgage lending, adaptation of credit to prices in property market will controlled.

According to General Collective Agreement, institutional, management and structural reforms will be continued in the country, as well itâ€™s planned to continue the improvement works in state management, to review the adoption of normative act as a result damages from officials to entrepreneurs.

Document says proposals on stimulating mechanism for foreign investors will be made.

Growth rates in 2012-2013 also were reflected in General Collective Agreement. So, real growth in GDP will be 5.7% in 2012, 5.1% - in 2013, as well industrial production will increase by 1.9% in 2012, 1.4% in 2013. forestry and fishing economy will increase by 7.1% and 4.4%, including retail commodity circulation - 7.7% and 7.8%, populationâ€™s money income â€“ 6.8% and 8%.