Finance

Home page

Finance

Government discloses which criteria entrepreneurs should meet in order to receive state support due to coronavirus threat

25 March 2020 11:49 (UTC +04:00)

Azerbaijani government will prefer legal entities and entrepreneurs, who adequately respond to state's appeals during determination of support measures, as well as in the current situation, do not allow decrease of working places and salary fund, organize their activity transparently, and demonstrate social responsibility, APA reports.

It has been noted at the meeting of the Working Group, established for assessment of negative impacts of coronavirus pandemics (COVID-19), as well as severe changes in energy and stock markets of the world, determination of economic fields, which are supposed to got damage from pandemics, and preparation of relevant suggestions aimed at decrease of negative effects of the current situation to business environment of the country in the near and medium term of the period, held in the form of video-conference.

It was noted that the provision of support to continuation of economic growth in the country will be covered by the system of complex measures. This system will cover such areas as ensuring of liquidity in the economy, granting of tax discounts and vacations to entrepreneurs, easement of availability of public crediting resources, protection of stability of financial markets, introduction of the targeted state orders’ system, etc.

It was noted at the meeting that the government will settle for taking such forced measures as reduction of economic activeness which could cause shrinkage of economy in a short time in order to protect health of the country’s citizens and ensure security of the population. The government is ready to pay the costs of these measures and sees them as a new development path of economy after prevention of aggravation of the existing situation and spread of the pandemic. The establishment of production and processing sectors satisfying the domestic demand and replacing the import of foreign products and the incorporation of the new production enterprises in these areas will be promoted.