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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