(MENAFN- Trend News Agency) BAKU, Azerbaijan, December 7. Azerbaijan's
Nakhchivan Autonomous Republic (NAR) will become a free economic
zone, Chairman of the Confederation of Entrepreneurs of NAR Vugar
Abbasov said, Trend reports.
He made the remark during the event organized by the
Confederation of Entrepreneurs of Nakhchivan.
According to the "State Program for the Socio-Economic
Development of the Nakhchivan Autonomous Republic for 2023-2027",
one of the important goals is to turn NAR into a free economic
For this purpose, it is planned to apply a special economic
regime in Nakhchivan.
Attraction of foreign and local investments by creating a
sustainable business and investment environment, formation of a
mechanism of special privileges and preferences to increase the
efficiency of economy, development of 'green' economy, achievement
of diversified export potential, creation of new jobs and other
measures will open wide opportunities for application of special
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