TRANSITION

Azerbaijan has great potential to become a leader in the transition to a “green” economy, since the government understands the possibilities of renewable energy sources and the importance of creating sustainable infrastructure, the head of the EBRD office in Azerbaijan Kamola Mahmudova said in an exclusive interview with Trend.

She noted that the current approach of Azerbaijan in this area is balanced, proactive and practical.

Asian Development Bank (ADB) will prioritize Uzbekistan’s transformation to market-based economy through reforms, regional connectivity and cooperation, and sustainable and inclusive growth in planning its assistance, an ADB representative told Trend.

The representative stated that ADB assists Uzbekistan with innovative financing instruments such as partial credit guarantees and public-private partnership schemes, consistent with Uzbekistan’s pursuit of engaging private investments in public infrastructure projects.

The procedure for state registration of individuals engaged in entrepreneurial activities without forming a legal entity has been approved in Turkmenistan, “Trend.az” reports referring to a published presidential decree.

The document was prepared in accordance with the provisions of the “Law on Entrepreneurship” in order to streamline the work of small and medium-sized businesses and improve tax and legal relations.