15:23 - 20.09.2024

---

September 20, Fineko/abc.az. "The liberation of the Karabakh region of Azerbaijan, which has been under the occupation of Armenia for almost 30 years, not only became a significant event for our country, but also gave an impetus to attracting investments," ABC.AZ reports, quoting Orkhan Mammadov, chairman of board of the Agency for the Development of Small and Medium-Sized Businesses (KOBIA) under the Ministry of Economy, who is on a visit to Washington.

He noted that the large-scale reconstruction carried out in Karabakh and the return of business to the region create attractive opportunities for entrepreneurs.

"The government's all-round package of incentives for this region has further increased interest in business. KOBIA is currently accepting project proposals from local and foreign entrepreneurs interested in starting a business in Karabakh. To date, about 2,300 applications have been registered, of which more than 500 are foreign investors. There are 4 American companies and investors among the applicants. I am sure that after today's event, some entrepreneurs will take a closer look at investment opportunities in Karabakh and Azerbaijan," KOBIA chair said.