New draft on leasing will be submitted to Azerbaijani Parliament

Nərmin Rəhimova
Author

Baku. 6 October. REPORT.AZ/ A new draft law on leasing is being prepared in Azerbaijan.

Report informs, Deputy Executive Director of Financial Market Supervisory Authority of the Republic of Azerbaijan (FIMSA) Asim Zulfugarov said. He noted that the bill will be submitted to Milli Majlis (Azerbaijani Parliament) in a short time.

"Microfinance institutions should make wide use of financial technologies. We are trying to amend the regulation to ensure maximum access of population to finance, FIMSA official said.

"Activities of financial institutions that harm sector were suspended. Now, FIMSA is carrying out fundamental measures to improve the sector, he added.

Other News

CBA, Swiss National Bank mull macroeconomic stability initiatives 16 October, 2026 / 15:10
Finance Ministry: Changes in oil prices may affect Azerbaijan's State Oil Fund assets by up to $1.8B 16 October, 2026 / 12:13
Azerbaijan Central Bank discusses cooperation with ADCB and UBS Asset Management 16 October, 2026 / 12:01
IsDB, WB to expand co-financing of development projects in member countries 16 October, 2026 / 10:33
Azerbaijan's investment expenditures to nearly double in 2027 16 October, 2026 / 10:12
WB mobilizes around $100M in private capital in Azerbaijan in fiscal year 2026 16 October, 2026 / 10:08
CBA currency exchange rates (16.10.2026) 16 October, 2026 / 09:16
Key indicators of world commodity, stock, and currency markets (16.10.2026) 16 October, 2026 / 09:11
Azerbaijan's economy expected to attract almost $64 billion by 2030 16 October, 2026 / 08:20
Azerbaijan's external debt servicing to exceed AZN 1.4 billion 16 October, 2026 / 08:04
Azerbaijan to spend nearly $8B on reconstruction of liberated territories 16 October, 2026 / 07:50
Azerbaijan revises 2027 budget revenue forecast upward 16 October, 2026 / 07:25
Azerbaijan publishes Medium-Term Expenditure Framework for 2027-2030 15 October, 2026 / 23:49
Global economic developments and their impact on Azerbaijan discussed in Bangkok 15 October, 2026 / 17:16
ING lowers its inflation forecast for Azerbaijan for 2026 15 October, 2026 / 17:10
ING Group: Azerbaijan's economy to grow by average of 2.3% in 2026-2028 15 October, 2026 / 17:03
Azerbaijan's CBA discusses expanding cooperation with BNY Mellon 15 October, 2026 / 16:30
ING: Azerbaijan least vulnerable to external shocks among CIS-4 economies 15 October, 2026 / 16:03
Budget revenues in Azerbaijan from state property privatization up 10.7% 15 October, 2026 / 12:28
Azerbaijan's banking sector capital position shows mixed trends 15 October, 2026 / 12:24