Tweet
NAKHICHEVAN THE FUTURE DUBAI OF THE SOUTH CAUCASUS?
news.am
Dec 14 2010
Armenia
Nakhichevan in the near future will turn into Dubai of the South
Caucasus due to the convenient geographical location. The head of
department of economic development, investment and foreign relations
of Nakhichevan Emin Zeynalov, stated.
According to him, Nakhichevan is located on the border of three
countries - Turkey, Iran and Armenia, which will in the future turn
this area into a free economic zone with a lighter tax and customs
regimes, the Turkish Zaman reports.
He noted that in the first half of this year the trade turnover between
Nakhichevan and Turkey reached $78 million. The share of imports
from Turkey was $ 50 million, the share of exports from Nakhichevan -
$28 million, with 64 Turkish companies, employing 843 Turkish citizens.
From: A. Papazian
news.am
Dec 14 2010
Armenia
Nakhichevan in the near future will turn into Dubai of the South
Caucasus due to the convenient geographical location. The head of
department of economic development, investment and foreign relations
of Nakhichevan Emin Zeynalov, stated.
According to him, Nakhichevan is located on the border of three
countries - Turkey, Iran and Armenia, which will in the future turn
this area into a free economic zone with a lighter tax and customs
regimes, the Turkish Zaman reports.
He noted that in the first half of this year the trade turnover between
Nakhichevan and Turkey reached $78 million. The share of imports
from Turkey was $ 50 million, the share of exports from Nakhichevan -
$28 million, with 64 Turkish companies, employing 843 Turkish citizens.
From: A. Papazian