President Ilham Aliyev has identified government investment priorities in the field of industrial and agricultural production in the coming years.
According to the order, economic activities are defined by separate administrative territories, as well as the criterion for the minimum investment projects for each of them.
The country is divided into five investment zones. These are: Baku; the suburban settlements of Baku and the Absheron region; Sumgait and Ganja; Nakhichevan Autonomous Republic, cross-border and border areas; other areas.
Total identified are 31 types of economic activity that are priorities for investment. The minimum amount of investments in them depends on the region and ranges between 0.2 million - 10 million manat. Only for one of them (the extraction and processing of metallic ores) the minimum amount of investment should reach 50 million AZN. -----08D
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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