E-database of state-run companies developed in Azerbaijan


August 30, Fineko/abc.az. The State Committee on Property Issues of Azerbaijan is creating an electronic database of state institutions and legal entities with state participation.

The Committee reports that the electronic database was formed on the recommendation of the World Bank.

"The database contains information on personnel records, financial and accounting reports, including information on real estate. The database will enable to ensure the effectiveness of the use of state property, applying corporate governance and ensure the transparency of financial and economic activities," the Committee said.

Currently, the database contains information about more than 20 large state institutions.