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Caspian Agro - Shahin Mustafayev: Azerbaijan plans to direct up to AZN 1.5 bn for non-oil export

Shahin Mustafayev: Azerbaijan plans to direct up to AZN 1.5 bn for non-oil export

21.01.2016

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Expenditures on implementation of the presidential order on the additional measures on the non-oil export stimulation have been estimated.

Economy Minister Shahin Mustafayev of Azerbaijan has stated that in general, it is planned to allocate AZN 1.5 bn within 1-1.5 years (including AZN 250 million through the National Entrepreneurship Support Fund) for the projects covered by the order.

"The finances are intended for realization of 150 projects and creation of about 15,000 new jobs," he said.

The minister pointed out that mechanisms of subsidizing non-oil products export will be introduced in accordance with the order.