Baku: In January-July 2026, a total of 170 projects aimed at establishing new production and service sectors, as well as expanding existing ones, were implemented in the Nakhchivan Autonomous Republic.

According to Azerbaijan State News Agency, the Ministry of Economy of the Nakhchivan Autonomous Republic reported that 33 of these projects involved the establishment of new enterprises, while 137 focused on expanding existing ones. Meanwhile, 83 projects, including 37 new and 46 expansion projects, are still ongoing.

The projects were financed through state support and private investment. Overall, 151 of the 170 completed projects were implemented with the support of the Entrepreneurship Development Fund under the Ministry of Economy of the Nakhchivan Autonomous Republic.