AIC progresses in talks on investment projects

As APA reports, some more prospective projects are being considered at present and it is planned to sign an agreement to finance the project aimed at constructing a new Milk-Pro factory in Baku.

Negotiations on acquisition of a 20% stake in Garadagh Cement is about to be complete. Also, the company is also studying prospects of taking part in investment projects such as establishment of a company for oil shipping in the Black Sea and Mediterranean Sea, construction of an insulin company etc.

Established in March 30, 2006 by a presidential decree, Azerbaijan Investment Company's authorized capital reached AZN 90m.