♻️ A new phase in waste management is beginning in Azerbaijan!
According to the new Decree signed by President Ilham Aliyev, the State Agency for Waste Management is being established. The Agency will carry out state coordination in the collection, sorting, processing, and disposal of waste.
In this regard, Balakhani Industrial Park is one of the main practical examples of the “green economy” and circular economy approach developing in Azerbaijan. Various types of waste are recycled in the park, efficient use of resources is encouraged, and reducing environmental impact is targeted.
It should also be noted that residents of industrial parks are exempt from profit, property, and land taxes for a period of 6 years starting from January 1, 2025, for activities determined within those industrial parks. In addition, they are exempt from VAT on imports for 10 years starting from May 1, 2016.
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