ANNOUNCEMENT 26 Dec 2014

In December 2014, the government of Azerbaijan announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

2

  • 0 harmful
  • 2 neutral
  • 0 liberalising
Inception date: No inception date

Instrument unclear

On December 26, 2014, the President of the Republic of Azerbaijan approved the State Program for Industrial Development for the period 2015-2020.
Main goals of the State Program with potential impact for international trade flows:

  • Modernisation of the industry and improvement of its structure;
  • Increase of export potential of non-oil-related industries;
  • Expansion of a competitive industrial production with efficient use of energy;
  • Expansion of science-intense and innovative production.

 
Activities planned to be implemented within the 2015-2020 time frame with potential impact for international trade flows:

  • Preparation ofproposals for promotion of industrial competitiveness and new production capacities, as well as establishment of new enterprises based on local raw materials and natural resources;
  • Reconstruction of industrial enterprises and support for the establishment of new industrial processing;
  • Preparation of relevant proposals in relation to the encouraged use of environment-friendly technologies;
  • Accelerated restructuring and privatisation of industrial enterprises;
  • Expansion of the production of agricultural land vehicles, machines, technologies and equipment;
  • Expansion of the production of alternative energy technology and equipment;
  • Segregation and transportation of waste, as well as construction and commissioning of the related processing facilities;
  • Completion of Sumgayit Chemical Industrial Park's infrastructure and improvement of its operations;
  • Completion of Balakhani Industrial Park's infrastructure and improvement of its operations;
  • Establishment of High Technology Park's infrastructure;
  • Establishment of Ganja Industrial Park and development of its infrastructure;
  • Establishment of Mingechavir Industrial Park and development of its infrastructure;
  • Preparation of proposals for the creation of industrial clusters;
  • Implementation of appropriate measures for establishment of industrial districts.

The financing of the the State Program will be performed from the following sources:

  • State budget;
  • Extra budgetary funds;
  • Funds of the National Fund for Entrepreneurship Support;
  • Funds of the Azerbaijan Investment Company;
  • Local budgets;
  • Local private investments and foreign direct investments;
  • Loans and grants;
  • Financial and technical assistance of international organisations;
  • Other sources not prohibited by law.

 

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A
Inception date: No inception date

Instrument unclear

On December 26, 2014, the President of the Republic of Azerbaijan approved the State Program for Industrial Development for the period 2015-2020.
Main goals of the State Program with potential impact for international trade flows:

  • Modernisation of the industry and improvement of its structure;
  • Increase of export potential of non-oil-related industries;
  • Expansion of a competitive industrial production with efficient use of energy;
  • Expansion of science-intense and innovative production.

 
Activities planned to be implemented within the 2015-2020 time frame with potential impact for international trade flows:

  • Preparation ofproposals for promotion of industrial competitiveness and new production capacities, as well as establishment of new enterprises based on local raw materials and natural resources;
  • Reconstruction of industrial enterprises and support for the establishment of new industrial processing;
  • Preparation of relevant proposals in relation to the encouraged use of environment-friendly technologies;
  • Accelerated restructuring and privatisation of industrial enterprises;
  • Expansion of the production of agricultural land vehicles, machines, technologies and equipment;
  • Expansion of the production of alternative energy technology and equipment;
  • Segregation and transportation of waste, as well as construction and commissioning of the related processing facilities;
  • Completion of Sumgayit Chemical Industrial Park's infrastructure and improvement of its operations;
  • Completion of Balakhani Industrial Park's infrastructure and improvement of its operations;
  • Establishment of High Technology Park's infrastructure;
  • Establishment of Ganja Industrial Park and development of its infrastructure;
  • Establishment of Mingechavir Industrial Park and development of its infrastructure;
  • Preparation of proposals for the creation of industrial clusters;
  • Implementation of appropriate measures for establishment of industrial districts.

The financing of the the State Program will be performed from the following sources:

  • State budget;
  • Extra budgetary funds;
  • Funds of the National Fund for Entrepreneurship Support;
  • Funds of the Azerbaijan Investment Company;
  • Local budgets;
  • Local private investments and foreign direct investments;
  • Loans and grants;
  • Financial and technical assistance of international organisations;
  • Other sources not prohibited by law.

 

 
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N/A