Legislative Update Newsletter - January, 2018
Legislative Update Newsletter - Januray, 2018
Overview of recent changes in the Azerbaijani legislation that could materially impact your business.
In this issue:
- The Civil Code of the Republic of Azerbaijan was amended
- Amendments were made to the “Law on Banks”, the “Law on Non-Bank Credit Organizations” and the “Law on investment funds”
- Restrictions on Tobacco Products
- Amendments were made to legislation on advertisement
- New rules for currency exchange points were approved
- Minimum monthly wage was increased
- Minimum living criteria was increased
- Mortgage and Credit Guarantee Fund of the Republic of Azerbaijan were merged
- New Agency under Ministry of Economy was established
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