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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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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