11:50 - 1.02.2024

---

February 1, Fineko/abc.az. Yarn producer factories of the Mingachevir Industrial Park, specializing in the textile industry, have produced output for more than AZN 272 million to date, ABC.AZ reports with reference to the Economic Zones Development Agency.

Part of the output for AZN 234 million (or 86%) was directed for export.

"So, if in 2022 output for more than AZN 57 million was produced in the industrial park, then in 2023 — for over AZN 58 million. The manufactured products were sold to the domestic market, as well as under brand "Made in Azerbaijan" to Türkiye, Ukraine, Russia, Portugal, Poland, Pakistan and other countries. The production process uses technologies from Germany, Switzerland, Japan and Türkiye. Modern technologies ensure high quality of products and increase the possibility of export. To date, AZN 159 million have been invested in the Mingachevir Industrial Park, and more than 500 permanent jobs created. Favorable conditions have been created in the Mingachevir Industrial Park, as well as in other industrial parks of the country, for development of entrepreneurship and incentive measures for investors are being applied," the Agency says.