of May 25, 1991 No. 116-XII
About bases of economic independence of the Azerbaijan Republic
The Supreme Council of the Azerbaijan Republic, noting low level of living of the people of Azerbaijan, considerable unemployment of able-bodied population, degradation of natural wealth as natural result of system of tough central planning and distribution, alienation of the worker from means of production and assignment of results of work, strong-willed administration in economy, ignorings of interests of the republic in policy of regional development and placement of productive forces, rootings of nonequivalent interregional exchanges,
realizing the responsibility for destiny of the people of Azerbaijan and caring for its welfare and spiritual revival,
adopts this Constitutional Law determining content, the purpose and the basic principles of economic independence of the Azerbaijan Republic as the sovereign state.
The Azerbaijan Republic independently performs the economic and social policy which is equitable to interests of its population and consistent with international law and universal values.
Economic independence of the Azerbaijan Republic consists in independent determination of structure of the national economy and the priority directions of its development, implementation of financial and budget, monetary, price, investment, scientific and technical and external economic policy, establishment of social guarantees to the population.
Economic independence of the Azerbaijan Republic aims to provide to each citizen worthy living conditions, satisfaction of spiritual needs and self-expression of the personality, preserving and enhancement of national wealth of the Azerbaijani people by creation of steady motivational mechanisms of creative and productive activity.
Economic independence is based on the following basic principles:
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system
If you cannot find the required document, or you do not know where to begin, go to Help section.
In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.
You also may open the section Frequently asked questions. This section provides answers to questions set by users.