BAKU, Azerbaijan, Feb. 22
By Fidan Babayeva – Development:
Favorable enterprise and funding local weather in Azerbaijan, together with different sectors, create ample alternatives for the event of the furnishings trade, new furnishings manufacturing enterprises are opening, Development reviews close to the Azerbaijani Ministry of Financial system.
“One among such enterprises is the furnishings manufacturing unit of Saloglu personal agency in Gazakh district,” the ministry mentioned. “Some 400 new jobs will probably be created on the manufacturing unit, which is able to produce 30,000 units of furnishings per 12 months.”
The Ministry of Financial system issued a doc on encouraging investments to the manufacturing unit with a complete funding worth of 76.1 million manat ($44.8 million).
Furthermore, the Entrepreneurship Improvement Fund offered the manufacturing unit with a preferential mortgage within the quantity of 10 million manat ($5.9 million).
The furnishings manufacturing unit is deliberate to be commissioned within the first quarter of this 12 months.