Investing in Azerbaijan, southern Russia continue to rise

The Department of Foreign Economic Activity of the Kuban region of Russia said that the Azerbaijani investors intend to continue investment projects in southern Russia.

     Currently, we are talking about building in the region pectin and sugar mills, a mini-refinery, a plant to produce metallic aluminum and a greenhouse complex with a capacity of 700 tons per hectare (an area of ​​100 hectares).

     The Department does not mention the names of investors, but it is known that the region has already successfully implemented several projects of Azerbaijan’s Anadolu Investment Company, which is owned by Azersun Holding. For example, this year a vegetable canning plant with capacity of 50 million cans per year was launched. It produces canned food and assorted vegetables, peas and corn, tomato paste, pickles, stewed fruit, marmalade, jam and sauce. The company primarily uses its own raw materials grown in the crop area (1,000 ha) in the Belorechensk area.

     In 2010 Anadolu Investment Company built a tea factory Kuban Tea with a capacity of 25 million packs a year. Tea is available under the brand names Kuban Tea, Azercay, and Mariam.

     Azerbaijan has close links with the south of Russia and expands its presence here. According to statistics, 88% of turnover is in this region.

     Southern Russia is one of the priorities of foreign investment for Azerbaijan. Last fall, at a Cabinet meeting, President Ilham Aliyev said that the growing foreign exchange reserves of the country can expand the foreign economic activity, and in particular in the South-Russian direction, which is a priority one. -0 –