Bank Of Baku

Azerbaijan to set up used vehicles’ utilization fund

Azerbaijan to set up used vehicles’ utilization fund
# 27 July 2023 14:34 (UTC +04:00)

A vehicle utilization fund will be established by the body (institution) determined by the relevant executive power authority for the purpose of financing the concession and one-time payment, as well as stimulating and promoting measures for the utilization of vehicles in Azerbaijan, APA reports.

The amendment to the law "On production and household waste" approved by President Ilham Aliyev envisages the establishment of the fund.

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