Azerbaijan Announces Terms For Adopting Logistics Sector Development Stimulus
(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 7. Azerbaijan is expectedto adopt a mechanism to stimulate the development of the logisticssector in the second half of 2024, Executive Director of the Exportand investment Promotion Agency of the Republic of Azerbaijan(AZPROMO) Yusif Abdullayev told Trend .
“The government is prepared to subsidize a portion of thelogistics sector's operations within the country. Approval of thecorresponding subsidy mechanism for logistics is anticipated in thelatter half of the year,” he said.
According to Abdullayev, the government will make a detailedselection of logistics companies that it is willing to supportthrough the upcoming subsidies.
“Each business will have its proportion of subsidized fundingdecided upon independently,” Abdullayev stressed.
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