BAKU, Azerbaijan, December 6. It is planned to establish an electric car manufacturing enterprise with an investment value of $12.5 million, Chairman of the Board at the Azerbaijan Franchise Association Jamid Movsumov told Trend.
"The negotiations are being held between the Azerbaijan Franchise Association and a Hungarian organization, but the agreement has not yet been concluded. There is a business plan, for now. At the second stage, the invitation of the representatives of the organization to Azerbaijan for a business-to-business (b2b) meeting is expected," he said.
Previously, the association announced that the Turkish "Rayess" company would open its chocolate-manufacturing factory in Azerbaijan. It is planned to invest $1 million in the project at the first stage, and at the second - $10 million. The association has signed contracts with more than 30 Turkish companies to date.