Bulgarian president visits Sumgayit Industrial Park during Azerbaijan trip

Bulgarian President Iliyana Yotova, who is in Azerbaijan to attend the 13th session of the World Urban Forum (WUF13), visited Sumgayit Industrial Park, which is managed by the Economic Zones Development Agency under the Economy Ministry of Azerbaijan, Report informs, citing the agency.

Deputy Economy Minister Azer Bayramov and Chairman of the agency's Board Seymur Adigozalov briefed the guests in detail on the modern infrastructure created for residents in industrial zones, ongoing projects and manufactured products. It was noted that a favorable business and investment environment has been created for entrepreneurs in industrial parks, residents are provided with ready-made infrastructure at the state's expense, and they also benefit from tax, customs and other incentives. It was also emphasized that broad opportunities have been created for exporting products manufactured in industrial zones to foreign countries, in addition to the domestic market, and that products are supplied to various international markets.

The delegation also visited Caspian Lubricants LLC, a resident of the industrial park. Bulgarian investors are among the founders of the enterprise.

The guests were informed about the production process, technologies used, production capacity and product range at the enterprise.