Azerbaijan Investment Company progresses in talks on investment projects

Azerbaijan Investment Company progresses in talks on investment projects
# 28 February 2007 10:07 (UTC +04:00)
Azerbaijan Investment Company (AIC) considered more than 50 investment projects last year.
AIC told APA-Economics that some more prospective projects are being considered at present and it is planned to sign an agreement to finance the project aimed at constructing a new Milk-Pro factory in Baku.
Negotiations on acquisition of a 20% stake in Garadagh Cement is about to be complete. Also, the company is also studying prospects of taking part in investment projects such as establishment of a company for oil shipping in the Black Sea and Mediterranean Sea, construction of an insulin company etc.
Established in March 30, 2006 by a presidential decree, Azerbaijan Investment Company’s authorized capital reached AZN 90m. /APA/

Politics

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THE OPERATION IS BEING PERFORMED