The Ministry of Economy has provided an investment promotion document to 18 companies that intend to invest 193.3 million AZN in the economy.
The investment projects of these companies cover the Absheron, Shamkir, Sheki, Khachmaz, Shabran, Gusar and Khizi regions, where up to 1,700 new jobs will be opened, noted the ministry.
Currently under consideration are 11 projects for investment promotion. The total investment portfolio of these projects is estimated at 1.7 billion AZN. The new enterprises will create 1,200 new jobs.
The investment promotion document allows investors to receive tax breaks for a period of 7 years, as well as exemption from customs duties and taxes on imported goods. -08D -
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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