• $ 1.7
  • € 2.0166
  • ₽ 0.0223
  • ₺ 0.0391
  • £ 2.326

Azerbaijan's President Aliyev opens new snack food plant in Baku

Azerbaijan's President Aliyev opens new snack food plant in Baku
12.06.2025 18:00

Azerbaijani President Ilham Aliyev on Wednesday inaugurated a new snack production facility in Baku, built by Nobel Food Industry LLC.

Economy Minister Mikayil Jabbarov and Azersun Holding board chairman Ahmad Gozeal briefed the president on the factory’s operations.

The plant, co-owned by Qafqaz Canning Plant (a subsidiary of Azersun Holding) and Shervan LLC, will produce popcorn, desserts, and dried fruits for both domestic consumption and export.

The facility is equipped with modern machinery and has an annual production capacity of 9,600 tonnes. Raw materials such as sunflower seeds, almonds, and hazelnuts will be sourced locally. The 7-hectare plant has created 210 permanent jobs. Total investment amounted to 38 million manats, including a 5 million manat concessional loan from Azerbaijan’s Small Business Development Fund.

Similar news
Similar news
Gold jumps more than 5%
Business 17:00
Gold jumps more than 5%
Networking meeting organized at Yelo Bank for female entrepreneurs in the healthcare sector
Business 13:54
Networking meeting organized at Yelo Bank for female entrepreneurs in the healthcare sector
Azerbaijan’s monetary base posts slight increase in January
Business 12:39
Azerbaijan’s monetary base posts slight increase in January
Azerbaijan’s Azeri Light crude falls more than $3 a barrel
Business 10:09
Azerbaijan’s Azeri Light crude falls more than $3 a barrel
Exchange rates announced for February 3
Business 09:47
Exchange rates announced for February 3
Gold and Silver Prices Plunge as Trump’s Fed Pick Signals Stronger Dollar
Business 17:00
Gold and Silver Prices Plunge as Trump’s Fed Pick Signals Stronger Dollar
Oil Prices Slump Over 4% as U.S.–Iran Tensions Show Signs of Easing
Business 16:30
Oil Prices Slump Over 4% as U.S.–Iran Tensions Show Signs of Easing

A Bright opportunity from Yelo Bank for female entrepreneurs!
Business 16:00
A Bright opportunity from Yelo Bank for female entrepreneurs!
Bitcoin falls below $75,000 for the first time since April 2025
Business 13:30
Bitcoin falls below $75,000 for the first time since April 2025
Anews TV

Our official Youtube channel

Subscribe