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Head of AZEL: Foundation of Special Economic Area on IT Development a Right Way to Strengthen Azerbaijan`s Economy

ICT Materials 4 October 2006 19:55 (UTC +04:00)

Foundation of a Special Economic Area on Development of High Tech in the Country is a right way on our way to the stable economic development Igor Yakovenko, President of AZEL told at the International Conference Special Economic Areas: New Trends in Azerbaijan`s Stable Economic Development within the exhibition BakuTel 2006, Trend reports.

According to him, at present, the capital of the Azerbaijani company AZEL exceeds $20 m. The Company sells its production both in Azerbaijan and abroad (Middle Asia countries, Georgia). Such companies like Microsoft, IBM, HP, etc are partners of the Company. AZEL cooperates with 12 banks operating in Azerbaijan, and has such partners like.

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