25.08.2021

O n   J u l y   2 3 ,   2 0 2 1 ,   P r e s i d e n t   o f   t h e   R e p u b l i c   o f   A z e r b a i j a n   a d o p t e d   a   D e c r e e   O n   E n s u r i n g   t h e   A c t i v i t y   o f   t h e   E x p o r t   a n d   I n v e s t m e n t   P r o m o t i o n   A g e n c y   o f   t h e   R e p u b l i c   o f   A z e r b a i j a n     A Z P R O M O  

On July 23, 2021, President of the Republic of Azerbaijan adopted a Decree “On Ensuring the Activity of the Export and Investment Promotion Agency of the Republic of Azerbaijan – AZPROMO” and on making Amendments to the Decree “On Further improvement of management in the field of export and investment promotion”, dated July 23, 2021, #1411.

The Decree approved the charter and structure of AZPROMO and established its charter fund in the amount of AZN 1000.000.

According to the Charter, AZPROMO is a public legal entity under the Ministry of Economy, operating in the field of export and investment promotion and providing a number of services to exporters and investors.

The Agency operates in the following directions:

  • participation in the formation of state policy on export and investment promotion and development of legal base;
  • participation in the process of creating a sustainable environment for exporters and investors to promote exports and investments;
  • participation in the implementation of programs and projects to promote exports and investments;
  • and many others.

The Decree also defines the governing bodies of AZPROMO, which are a Supervisory Board consisting of 7 members and an Executive Director. The chairman of the Supervisory Board is the Minister of Economy of the Republic of Azerbaijan.

Locations
Stay up to date with the latest legal news, publications and events: