Azerbaijan Coca-Cola Bottlers Increases Investments
Azerbaijan Coca-Cola Bottlers has launched a new plant for purification of waste water, which has resulted in the complete safety of the water, which, after the production process is returned to nature. This was told reporters by the plant’s Director Rena Mammadova during the information tour of media representatives at the company.
Last year, the company launched the sixth production line, the construction of which was invested $ 18 million
To date, Coca-Cola Company has invested $ 200 million into the economy of Azerbaijan and the transfers to the state budget have amounted to 366 million AZN," said CEO of Azerbaijan Coca-Cola Bottlers Erdinç Guzel.
Coca-Cola has been represented in the country since 1994. The company directly and indirectly provides more than 2,200 people with jobs, and by covering the whole country with the sales and distribution network it provides services to more than 18,500 points of sale. -----08D
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review