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.

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.

Alco Lubricant Company has become the ninth resident of Azerbaijan’s Sumgait Chemical Industrial Park (SCIP).

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.

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.

Turkmenistan plans to privatize large enterprises in industrial, construction, transportation and communication and other spheres, the country's government reported.