The state is expected to cover up to 70% of transportation costs during the export of non-oil and gas products in Azerbaijan, First Deputy Minister of Economy Elnur Aliyev stated during his speech at the III National Competition Forum held in Baku, APA-Economics reports.
According to him, within the framework of new support mechanisms, part of the payments related to customs clearance for small and medium-sized exporters will also be compensated.
E. Aliyev noted that 70% of the costs of transporting goods produced in Nakhchivan to other parts of the country are covered.
At the same time, a mechanism for subsidizing half of the interest on loans outside Baku and Absheron is being applied. It is envisaged to provide state guarantees of up to 90% of the principal amount of loans in the liberated territories and up to 50% in other regions.
The deputy minister stated that from 2027, 50% of the fee for connecting industrial and agricultural facilities to the electricity grid will be covered by the state.
He added that the duration of the investment promotion mechanism has been extended until 2029. Currently, the mechanism covers 17 strategic areas.
As of September 1, 633 investment promotion documents had been issued to 528 business entities. Under these projects, investment of 9.13 billion manats and the creation of approximately 47,000 jobs are envisaged.
According to E. Aliyev, the Azerbaijan Business Development Fund allocated 223 million manats in concessional loans to approximately 4,300 projects in the first eight months of the current year.
The deputy minister also stated that Azerbaijan’s non-oil and gas exports increased by 17.4% in January-September 2026, exceeding USD 2.8 billion.
He emphasized that in order to maintain export growth, it is important to increase the competitiveness of products, reduce production and transportation costs, and strengthen positions in foreign markets.
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