In a significant development for Azerbaijan’s manufacturing sector, BAFCO Invest LLC has recently completed the construction of a state-of-the-art shoe factory in the Aghdam Industrial Park. This facility, equipped with advanced German machinery, marks a substantial investment in the region’s industrial capabilities. Azernews explores the potential economic impact of this new factory on the local economy and beyond.
Day: June 3, 2024
The Collective Security Treaty Organization (CSTO) hopes that Yerevan will clarify the prospects for its relations with the structure, CSTO Secretary General Imangali Tasmagambetov said at a meeting of the Council of the CSTO Parliamentary Assembly.
“We hope that the political leadership of the republic will clarify the prospects for its relations with the CSTO. This would be to the benefit of all participants in our association, primarily for the full planning of future joint activities,” he said.
At the same time, the Secretary General noted that “over the past year, colleagues from Armenia have significantly reduced their participation in the organization’s events.”
“Nevertheless, the main mechanisms of interaction are functioning. The Republic of Armenia remains a full member of the organization, all obligations towards this country are preserved in full,” Tasmagambetov emphasized.