16:47 - 20.12.2022

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December 20, Fineko/abc.az. The minimum investment amount for Baku and other territories has been determined.

ABC.AZ reports that this was reflected in the amendment made by the relevant presidential decree to the Procedure for providing a document on investment promotion.

Under the decree, strategic investment projects submitted for receiving an investment promotion document are determined on the basis of the following criteria:

- minimum amount of investments in connection with projects implemented in Baku cities (with the exception of Rasulzade settlement of Binagadi district, Narimanov, Nasimi districts, Keshlya settlement of Nizami district, Badamdar and Bibieybat settlements of Sabail district, Akhmedli settlement of Khatai district and Yasamal district), Sumgait, Ganja and Absheron district is 5 million manats, and in connection with projects implemented in other territories – 3 million manats;

- compliance of the investment project with the president-determined directions.