BAKU, Azerbaijan, May 20. Bulgarian President
Iliyana Yotova, who is visiting Azerbaijan to participate in the
13th session of the World Urban Forum (WUF13), visited the Sumgayit
Industrial Park, which is managed by the Agency for the Development
of Economic Zones (EZDA) under the Ministry of Economy, Trend reports.
Deputy Minister of Economy Azer Bayramov and EZDA Board of
Directors Chairman Seymur Adigozalov provided the guests with a
detailed overview of the modern infrastructure created for
residents of the industrial zones managed by the Agency, as well as
the projects implemented and the products manufactured there.
Meanwhile, it was noted that a favorable business and investment
environment has been established in the industrial parks for
entrepreneurs; residents are provided with ready-made
infrastructure at the state’s expense, and they also benefit from
tax, customs, and other incentives. In addition, it was noted that,
in addition to the domestic market, extensive opportunities have
been created for exporting products manufactured in the industrial
zones to foreign countries, and that products are exported to
various international markets.
The delegation also visited Caspian Lubricants LLC, located in
the industrial park. It should be noted that Bulgarian investors
are among the company’s founders.
The guests were briefed on the production process, the
technologies used, the company’s production capacity, and its
product range.
