The Azerbaijani Ministry of Economy has issued certificates for investment projects in the amount of 500 million AZN since March.
The Deputy Economy Minister Niyazi Safarov told reporters 19 more instruments have been issued to encourage investment. Thus, the number of beneficiaries has reached 51, including foreign entrepreneurs.
According to the official, this was made possible thanks to the fact that the ministry has started to implement a transparent and efficient business incentive mechanism.
Recall, the investment promotion certificate has been valid from March 1 this year, after Order No 02 of the Minister of Economy of Azerbaijan Shahin Mustafayev on the approval of the document and the application form to receive it came into force. --17D-
Economics
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On September 6, the State Oil Company of Azerbaijan (SOCAR) has announced a partnership with American oilfield services firm Halliburton to conduct research aimed at reassessing the hydrocarbon potential of the shallow-water section of the Guneşli field.
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Azerbaijan’s "Green Energy Zone" Working Group held its latest hybrid meeting to review the implementation of projects within the framework of the country's Social and Economic Development Strategy for 2022–2026, the Ministry of Energy reported on Wednesday.
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