15:50 - 7.07.2023

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July 7, Fineko/abc.az. The Azerbaijan Export & Investment Promotion Agency (AZPROMO) under the Ministry of Economy completed 2022 with profit of AZN 1.225 million.

ABC.AZ reports that last year Agency’s revenues amounted to AZN 3.854 million and expenses — AZN 2.629 million.

As of January 1, 2023, AZPROMO's assets totaled AZN 2.221 million (14.8-fold more than a year earlier). Agency's liabilities grew 6.6-fold up to AZN 996,000 and the balance sheet capital reached AZN 1.225 million.

AZPROMO was established in 2021 on the basis of the Export & Investment Promotion Fund, which has been operating since 2003. The agency's mission is to organize various international events in foreign countries, inform foreign buyers about Azerbaijani products and coordinate with local companies to achieve the goals set by country’s leader regarding development of the non-oil sector in Azerbaijan, promote products in foreign markets, also on the basis of the "single window" function to provide services and support to foreign companies, those who wish to collect detailed information about the investment climate of Azerbaijan and those interested in investing.