Day: May 27, 2025

Notably, the state-supported investment framework surrounding the facility—including substantial tax exemptions, customs duty waivers, and a 10 million AZN preferential loan from the Azerbaijan Business Development Fund—reflects a deliberate policy to attract private capital into non-oil sectors. These fiscal incentives are not merely financial; they symbolize a broader shift toward creating industrial ecosystems outside the capital, fostering local employment, and encouraging import substitution.

The open court session continued on May 26 at the Baku Military Court in the criminal case against Armenian citizens Arayik Harutyunyan, Arkadi Ghukasyan, Bako Sahakyan, Davit Ishkhanyan, David Babayan, Levon Mnatsakanyan, and others.