Azerbaijan, Ukraine to set up joint venture (PHOTO) (UPDATE)
Details added (first version posted on 17:52)
Baku, Azerbaijan, Oct. 20
By Anvar Mammadov - Trend:
Azerbaijan and Ukraine will establish a joint venture, which is envisaged in a memorandum, signed during the Azerbaijan-Ukraine business meeting in Baku Oct. 20.
The memorandum was signed between the Azerbaijan Investment Company (AIC) and Ukraine’s Indar joint stock company.
According to the memorandum, a joint pharmaceutical enterprise for the production of infusion and injection solutions will be established on the territory of Azerbaijan’s Pirallakhi industrial park.
The construction of the enterprise will begin in 2018, Azerbaijani Economy Minister Shahin Mustafayev told journalists in Baku Oct. 20.
"The cost of the project is $17 million,” he said. “The construction of the enterprise will begin in 2018 and will last 2 years. Around 350 jobs will be created at the enterprise.”