The share of the private sector in Azerbaijan's industry sector amounted to 78.4 percent in the period between January and August, local media has reported.
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Azerbaijan and Russia are two strategic partners whose relations are constantly developing. Creation of joint industrial enterprises now constitutes the main part on the cooperation agenda.
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Alco Lubricant Company has become the ninth resident of Azerbaijan’s Sumgait Chemical Industrial Park (SCIP).
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Azerbaijan’s Economy Ministry issued 12 documents of the investment incentives with the total worth over 106 million manats ($ 67.00 million) on July 29. The documents were presented to entrepreneurs during a meeting held in the ministry.
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A number of enterprises in Turkmenistan’s Lebap province are provided with fuel as a result of commissioning a high-pressure Bagtyyarlyk-Garlyk gas pipeline with a length of 250 kilometers, said the message from the country’s oil and gas complex.
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Turkmenistan plans to privatize large enterprises in industrial, construction, transportation and communication and other spheres, the country's government reported.
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