Bank Of Baku

Niyazi Safarov: Global financial crisis may hit Azerbaijan

Niyazi Safarov: Global financial crisis may hit Azerbaijan
# 07 October 2008 14:42 (UTC +04:00)
Baku. Rashad Suleymanov - APA-Economics. The Bill on Special Economic Zones has been submitted to the Azeri parliament for discussion, said Niyazi Safarov, Deputy Minister of Economic Development.
According to him, the bill will allow the establishment of a privileged treatment like tax incentives for certain activities in certain zones.
He noted that the start of the global financial crisis can influence Azerbaijan to some extent.
“It is a global trend. We can not say that any state is 100% insured against it. Preventive and protective measures are being done in Azerbaijan,” he added.

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