Gov’t de­vel­ops new pro­pos­als for in­creas­ing self-em­ploy­ment

Azer News - - Front Page - By Amina Nazarli

Econ­omy Min­is­ter Shahin Mustafayev has an­nounced that pro­pos­als are be­ing drafted to in­crease self-em­ploy­ment in Azer­bai­jan. The min­is­ter said that the pro­pos­als are be­ing pre­pared jointly with the Min­istry of La­bor and So­cial Pro­tec­tion of Pop­u­la­tion.

Econ­omy Min­is­ter Shahin Mustafayev has an­nounced that pro­pos­als are be­ing drafted to in­crease self-em­ploy­ment in Azer­bai­jan.

The min­is­ter said that the pro­pos­als are be­ing pre­pared jointly with the Min­istry of La­bor and So­cial Pro­tec­tion of Pop­u­la­tion.

Cur­rently, in­dus­trial zones and parks are be­ing cre­ated, which will al­low in­creas­ing em­ploy­ment in the busi­ness sec­tor and give mo­men­tum to the de­vel­op­ment of the nonoil sec­tor, ac­cord­ing to the min­is­ter.

He noted that the Min­gachevir and Pi­ral­lahi in­dus­trial parks are now be­ing con­structed, adding that the Sum­gait Chem­i­cal In­dus­trial Park, Balakhani and Garadagh in­dus­trial parks al­ready op­er­ate in Azer­bai­jan.

The econ­omy min­is­ter said it is planned to open nearly 2,000 jobs in the Sum­gait Chem­i­cal In­dus­trial Park and in­vest­ments in this park will be about $1.2 bil­lion.

“In­vest­ments in the Balakhani In­dus­trial Park will amount to 22 mil­lion man­ats ($12.9 mil­lion). Five waste re­cy­cling en­ter­prises will start op­er­at­ing in the park in the first half of 2017, which will pro­vide em­ploy­ment to al­most 400 peo­ple,” ac­cord­ing to Mustafayev.

He added that the Garadagh In­dus­trial Park at­tracted in­vest­ments worth $470 mil­lion, which will al­low cre­at­ing 2,000 new jobs.

“In ad­di­tion, build­ing of nine mills in the Min­gachevir In­dus­trial Park will cre­ate more than 5,500 new jobs. In­vest­ments in this park will amount to 150-200 mil­lion man­ats ($88-$117 mil­lion).”

As for the Pi­ral­lahi in­dus­trial park, he stated that prepara­tory works for its es­tab­lish­ment are cur­rently un­der­wear.

The park is planned to pro­duce more than 100 kinds of phar­ma­ceu­ti­cal prod­ucts in fu­ture.

Mean­while, the Neftchala in­dus­trial dis­trict is al­ready pro­vided with all needed in­fra­struc­ture, and cur­rently, work on cre­ation of the Azer­bai­jani-Ira­nian au­to­mo­bile fac­tory is im­ple­mented there.

Mustafayev noted that in to­tal, 85,000 new jobs have been cre­ated in Azer­bai­jan as of early April 2017, in­clud­ing more than 40,000 jobs in the pri­vate sec­tor.

To­day, the work is un­der­way in Azer­bai­jan to at­tract more res­i­dents to the Sum­gait Chem­i­cal In­dus­trial Park, Balakhani, Garadagh, Min­gachevir and Pi­ral­lahi in­dus­trial parks, Min­gachevir High Tech Park, Sum­gait Tech­nolo­gies Park, as well as in Neftchala and Masalli in­dus­trial districts.

Res­i­dents of Azer­bai­jan’s in­dus­trial parks are ex­empt from real es­tate, land, profit taxes, as well as value-added tax on im­port of equip­ment for a pe­riod of seven years.

Main ob­jec­tive of the es­tab­lish­ment such parks in the coun­try are the cre­ation of fa­vor­able con­di­tions in the coun­try for fur­ther de­vel­op­ment of in­dus­trial pro­duc­tion, pro­vi­sion of sup­port to en­trepreneurs, and in­creas­ing em­ploy­ment of pop­u­la­tion in the sphere.

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