Prime Minister Ali Asadov signed an order to ensure the implementation of the Decree of the President of the Republic of Azerbaijan "On the establishment of the Azerbaijan Investment Holding".
According to the decree, the Ministry of Justice, in coordination with the Ministry of Economy, the Ministry of Finance and other relevant government agencies (legal entities) to be determined in the implementation process, will improve the laws of the Republic of Azerbaijan in connection with the establishment of the Azerbaijan Investment Holding. must prepare and submit its proposals to the Cabinet of Ministers within two months.
At the same time, the Cabinet of Ministers within two months prepared proposals to bring the President's acts in line with the Decree of the President of the Republic of Azerbaijan dated August 7, 2020 No. 1120 "On the establishment of the Azerbaijan Investment Holding". must submit it to the Cabinet of Ministers within a month.
The Ministry of Economy in coordination with the Ministry of Finance and other relevant state bodies (state legal entities) to be determined in the implementation process:
- within one month, prepare and submit to the Cabinet of Ministers proposals on state-owned enterprises to be submitted to the ECHR;
- within one month, prepare and submit to the Cabinet of Ministers proposals on the mechanism of formation of fees to be paid by state enterprises to the ECHR to finance the costs of organizing and maintaining the activities of the ECHR;
- within 15 days from the date of state registration, submits to the Cabinet of Ministers proposals on the provision of the ECHR with an administrative building and the solution of logistics issues.
If the participants of the conciliation process (main and joint executors) take appropriate measures on the issues arising from the normative tasks related to the implementation of this Order (consideration, preparation, coordination, submission of projects and proposals, etc.) and demand the status of execution, submit to the Cabinet of Ministers by the end of the half.
No later than three months, the central executive authorities shall take measures within their competence to ensure the implementation of the Decree, submit information on the absence of normative legal acts or proposals to the Ministry of Justice of the Republic of Azerbaijan and inform the Cabinet of Ministers.
The Ministry of Justice must ensure that normative legal acts and normative acts of central executive bodies are brought into line with the Decree and inform the Cabinet of Ministers within four months.
The order came into force on the day it was signed.
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