Azerbaijan chooses winner for investment competition on cannery
Baku, Fineko/abc.az. The State Committee for Property Affairs of Azerbaijan has finished an investment competition for sale of 30.47% of shares of cannery Qazax-Konserv OJSC.
The Committee says that the winner was announced on the basis of the Investment Commission’s decision.
“The winner undertook to invest 500,000 manats in enterprise’s production for three-month term. In addition, it will transfer 180,000 manats to State Budget,” the Committee informed.
These investments will be directed for raising potential and reconstruction of the manufacture process in the cannery, installation of modern equipment, expansion of production of tinned products and purchase of refrigerated storages for keeping fruits. Besides, creation of 50 jobs ad other social measures will be conducted.
Tags: investment competition
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