TODAY.AZ / Business

Azerbaijan may join OIC Blue Card

11 August 2006 [09:30] - TODAY.AZ
After the insurance law is adopted, the Finance Ministry of Azerbaijan will determine the three-year limit of the authorized capital of insurance companies operating in Azerbaijan, Finance Minister Samir Sharifov told journalists.

Sharifov said that it will be required of the insurance companies to satisfy some requirements.

"New bill is almost ready and is being discussed with relevant bodies. The bill will be discussed at fall session of the parliament after being submitted to the president and the Government."

According to APA, he also said that Azerbaijan is preparing to join International Green Card System and also is interested to join the Blue Card to be created by the Organization of Islamic Conference against Green Card.

"OIC is establishing such a system. If this system is suitable for economic policy of Azerbaijan, we are likely to join this system."

URL: http://www.today.az/news/business/28887.html

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