Presidential Order № 1950 to reduce the negative impact of the coronavirus (COVID-19) pandemic on the economy, macroeconomic stability, employment and entrepreneurship in Azerbaijan.

This Presidential Order lays down rules for the elimination of negative impacts on the stability of the economy, the protection of the social welfare of the population, and the sustainability of economic development. Funds will be allocated to the Council of Ministers to take financial measures for the reduction of the negative impact of sharp fluctuations in global energy and stock markets on the economy, macroeconomic stability, employment and entrepreneurship in Azerbaijan. This Presidential Order sets forth provisions on the establishment of a working group headed by the Minister of Finance to prepare appropriate proposals for state support to businesses operating in Azerbaijan that are likely to suffer from the pandemic, as well as, the establishment of a working group headed by the Minister of Labor and Social Protection of the Republic of Azerbaijan to develop relevant proposals to address employment and social problems that may arise in the country due to the possible negative impact of the pandemic on the economy.