legislation
Azerbaijan's Central Bank submits Islamic finance bill to government
The Central Bank of Azerbaijan has prepared a legislative package enshrining the basic principles of Islamic finance and introducing five core products. The document has been sent to the government for review.
Central Bank of Azerbaijan Finalizes Draft Amendments on Mandatory Property Insurance
The Central Bank of Azerbaijan has announced that legislative amendments on mandatory property insurance are in the final stage of coordination. The goal is to improve payout transparency and more accurately determine insured sums.
Azerbaijan Plans to Draft a New Digital Code
At a Milli Majlis session, Ali Huseynli, head of the parliamentary committee on legal policy and state building, announced plans to prepare a new Digital Code.
Putin: Budget Revenues from Migration Procedures Up 30%
Russian President Vladimir Putin called the 30% growth in budget revenues from migration procedures decent. In 18 months, the country received 321 billion rubles.
Azerbaijan Introduces Fines for Social Networks Violating Age Restrictions
President of Azerbaijan signed amendments to legislation establishing fines for social networks for violations related to age restrictions and protection of minors.
Azerbaijan Legalizes Autonomous Transport Across All Modes
President of Azerbaijan approved amendments introducing autonomous vehicles in road, rail, maritime, and air transport.
Azerbaijan Establishes Legal Framework for Venture Capital Funds
President Ilham Aliyev approved a law introducing concepts of venture capital funds, convertible instruments, and ESOP, while simplifying currency operations for innovative projects.
Aliyev Approves Amendments to Law on Financial Leasing
President Ilham Aliyev has approved amendments to several legislative acts related to the Law on Financial Leasing, adopted by the Milli Majlis on May 26.