Special economic regime to be introduced in Nakhchivan

17:07 - 6.12.2023

December 6, Fineko/abc.az. As part of the State Program of Socio-Economic Growth of the Nakhchivan Autonomous Republic for 2023-2027", a special economic regime will be introduced in the region.

ABC.AZ reports that Vugar Abbasov, the chairman of the Nakhchivan Confederation of Entrepreneurs, stated about this.

He added that the reforms carried out in all spheres in order to ensure the sustainable development of the country also require the beginning of a new stage in development of the NAR economy. In particular, preparations for introduction of special economic regime on the territory of Nakhchivan require various measures in this area.

The chairman noted that the measures to be implemented in the Nakhchivan Economic Region by creating sustainable business and investment environment, attracting foreign and local investments, forming a mechanism of special benefits and preferences to increase economic efficiency, develop a green economy, achieve diversified export potential, create new jobs and other areas will contribute to introduction of special economic regime.

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