The joint venture between Azerbaijan and Turkiye, AZFEN, has tripled its income from operations in Georgia. In 2023, the venture generated 10,422,000 manats in revenue for the country, equivalent to 6,131,000 US dollars at the current exchange rate of USD/AZN 1.7. This marks a threefold increase compared to the previous year when AZFEN earned 3,488,000 manats from its Georgian operations.
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