The Justice Ministry registered the Export and Investment Promotion Fund (EIPF). Farhad Aliyev, the Minister for Economic Development, told Trend that the Ministry of Economic Development completed the transformation of the Azerbaijani Fund for Promotion of Investments and Consultations (FPIC) to EIPF.
"We plan to hold a presentation of the EIPF," the Minister said.
The establishment of EIPF was a result of a resolution on expansion of EIPF authorities through expanding its obligations on the expansion of export direction of the production. Earlier it was planned to establish in the country a special Fund on Export Expansion, while further the idea was rejected.