Azernews.Az

BAKU – Azerbaijan and Russia's North Caucasus republic of Ingushetia will sign an agreement on economic cooperation soon, said Ingushetia President Yunus-Bek Yevkurov, who accompanies Russian President Dmitry Medvedev on a visit to Baku.

Yevkurov told a news conference Friday that his current visit to Azerbaijan was aimed at familiarization, noting that in October or November he would visit the country again to sign the agreement.

The Ingushetian leader said the Russian republic plans to forge relations with the Azerbaijani embassy in Russia in the coming months to discuss relevant details and forge contacts with Azerbaijani businessmen that could invest in Ingushetia.

Yevkurov said Ingushetia was chiefly seeking to cooperate with the South Caucasus republic in the agricultural industry sector, construction, tourism, culture and sports. He called on Azerbaijani entrepreneurs to channel investment into these fields.

"We are gladly vesting collective farm markets and the construction of major shopping malls in your investors. Both the local population and the Azerbaijani diaspora representatives could work there."

Yevkurov said his government would proivide guarantees for up to 70 percent of Azerbaijani investors’ funds.

"We are ready for the investors to set up industrial sites, grant them locations free of charge, even without taxes, and provide all concessions. The main point for us is for a given facility to be ready over the specified time frame and for jobs to be opened," he said, noting that Ingushetia was in much need of new jobs.

Yevkurov reminded that Azerbaijani businessmen have already launched a tea factory and a canned food factory is under construction in Russia’s Krasnodar province, calling for the implementation of similar projects in Ingushetia.

"We would not object to such investments either and would like for sugar and tea factories to be built."

Yevkurov added that Ingushetia was also seeking to draw Azerbaijani businessmen to the construction of a mosque in the town of Manas.
Azerbaijan, Russia's Ingushetia to sign economic co-op deal
BAKU – Azerbaijan and Russia's North Caucasus republic of Ingushetia will sign an agreement on economic cooperation soon, said Ingushetia President Yunus-Bek Yevkurov, who accompanies Russian President Dmitry Medvedev on a visit to Baku.

Yevkurov told a news conference Friday that his current visit to Azerbaijan was aimed at familiarization, noting that in October or November he would visit the country again to sign the agreement.

The Ingushetian leader said the Russian republic plans to forge relations with the Azerbaijani embassy in Russia in the coming months to discuss relevant details and forge contacts with Azerbaijani businessmen that could invest in Ingushetia.

Yevkurov said Ingushetia was chiefly seeking to cooperate with the South Caucasus republic in the agricultural industry sector, construction, tourism, culture and sports. He called on Azerbaijani entrepreneurs to channel investment into these fields.

"We are gladly vesting collective farm markets and the construction of major shopping malls in your investors. Both the local population and the Azerbaijani diaspora representatives could work there."

Yevkurov said his government would proivide guarantees for up to 70 percent of Azerbaijani investors’ funds.

"We are ready for the investors to set up industrial sites, grant them locations free of charge, even without taxes, and provide all concessions. The main point for us is for a given facility to be ready over the specified time frame and for jobs to be opened," he said, noting that Ingushetia was in much need of new jobs.

Yevkurov reminded that Azerbaijani businessmen have already launched a tea factory and a canned food factory is under construction in Russia’s Krasnodar province, calling for the implementation of similar projects in Ingushetia.

"We would not object to such investments either and would like for sugar and tea factories to be built."

Yevkurov added that Ingushetia was also seeking to draw Azerbaijani businessmen to the construction of a mosque in the town of Manas.