An event titled "New Opportunities for Entrepreneurs: Let’s Revive Karabakh Together" organized by the Ministry of Economy of Azerbaijan, was held in Shusha on June 28.
The event focuses on providing businesspeople with investment opportunities and commercial prospects in the Karabakh and Eastern Zangezur economic zones, as well as a discussion of the public-private partnership model.
Azerbaijani Economy Minister Mikayil Jabbarov said Azerbaijan is implementing various initiatives to create the best conditions for entrepreneurs to do business.
"Residents of industrial parks in exempted territories will receive significant tax benefits: for 10 years they are exempted from profit, property, and land tax, starting from the moment of registration. The state will create the necessary infrastructure, including providing electricity, natural gas, potable and technical water, and high-speed Internet," Jabbarov said.
It was noted that Azerbaijan stands on the threshold of great changes and the restoration of its historical lands: Karabakh, after many years of occupation, is once again becoming part of common home, Fuzuli, Aghdam, and many other areas gradually returning to life, people are returning to their homes, and the and the construction of schools and other public facilities begins, Trend reported.
The event is featuring panel discussions on the benefits and preferences applied in the liberated territories, other measures of state support and the role of entrepreneurs in the restoration and economic reintegration of these territories.
During their visit to Karabakh, entrepreneurs have already become acquainted with the conditions created in the Aghdam Industrial Park, the resident enterprises, and the progress of reconstruction and infrastructure efforts being carried out in the cities of Shusha and Khankendi for revitalizing economic activity and ensuring sustainable resettlement.
