The company Matanat - A invests in the Rostov region Russia 10 million. Euros. In its management plans include commissioning of the plant for production of dry mixes. Agreement on the project was signed by the governor of the region Vasily Golubev and CEO of Matanat-A, Elkhan Bashir at the Progress Investment Forum Sochi 2014. On the future of the company, the location of which is not yet determined, it is expected to create 200 jobs.
According to Bashirov, the Azerbaijani company intends to produce more than 1, 000 items of construction materials according to European standards. Production should start functioning one year after the allocation of land.
As the trade representative of Russia in Azerbaijan, Eldar Tlyabichev told Turan, this is not the first financial injection of local building structure in the economy of the northern neighbor - two years ago, he, as head of the Ministry of Economic Development of Karachay-Cherkessia, endorsed at the Forum Sochi -2012 construction company Matanat - A plant for gypsum production in this country.
According to Russian media, the basic direction of the investment within the Sochi forum. This housing construction and building materials, light industry, machinery, retail and recycling.
Matanat-A company founded in 2000 and is the first producer in Azerbaijan mixes cement, gypsum and other basis. Its products are exported to Russia, Kazakhstan, Georgia, Turkmenistan, Iran, Ukraine and other countries. --17D-
Economics
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But Putin Says It's "Virtually Impossible" Due to Zelensky's Position Slovak Prime Minister Robert Fico visited Moscow on Sunday to discuss energy issues, becoming the third EU country leader to hold talks with Vladimir Putin since Russia's 2022 invasion of Ukraine. Prior visits include Austrian Chancellor Karl Nehammer in April 2022 and Hungarian Prime Minister Viktor Orbán in July 2024. Slovakia is also a NATO member.
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Environmental, Social, and Corporate Governance (ESG) principles have emerged as a transformative force in modern business practices, reshaping priorities across industries. This was a key theme highlighted by Orkhan Mammadov, Chairman of the Management Board of the Small and Medium Business Development Agency (KOBIA), at the conference "Labor Relations, Occupational Safety, and Human Resources as Key ESG Approaches," held on Monday in Baku.
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A detailed review of legislative norms and e-government services across various business environment domains has been prepared and published by the working group of the Business Environment and International Ratings Commission, focusing on electricity network connections.
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The draft law "On Amendments to the Tax Code," adopted in its third reading, provides for tax exemptions on the sale of locally manufactured buses in Azerbaijan and the supply of spare parts for these vehicles. This was reported by the Tax Service under the Ministry of Economy, explaining that the government's initiative aims to support business development in the country by reducing the tax burden. The exemption will come into effect on January 1, 2025, and will remain valid for eight years.
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