BAKU, Azerbaijan, January 15. Contracts with
business entities operating in the liberated territories of
Azerbaijan are being digitalized, Trend reports.
This issue is reflected in the amendment made by President of
the Republic of Azerbaijan Ilham Aliyev to the decree "On strengthening the necessary state support
for expanding access to financial resources for entrepreneurs
operating in the liberated territories" and "On approval of rules
for obtaining loans and providing guarantees on behalf of
Azerbaijan."
According to the rules on providing state guarantees for loans
to business entities operating in the liberated territories and
subsidizing loan interest rates, after the conclusion of a loan
agreement between the authorized organization and the business
entity, this agreement (including the payment schedule), the
mortgage agreement, and a document confirming the payment of a
one-time guarantee fee will be submitted by the authorized
organization to the Azerbaijan Business Development Fund Open Joint
Stock Company in the form of an electronic document through the
information system within five business days.
According to the amendment, in case of failure to submit
documents electronically, copies of those documents will be sent
through the information system.
