BAKU, Azerbaijan, September
23. Proposals will be prepared regarding the
implementation of additional incentive measures and concessions to
support the development of the ferrous metallurgy sector in
Azerbaijan.
This is outlined in the "State program on the development of the
mining (metal ores) and metallurgical industry for 2027–2030,"
approved by the President of the Republic of Azerbaijan Ilham
Aliyev.
According to Item 8.3.6 of the state program's action plan, the
preparation of proposals for additional incentive measures and
concessions in the ferrous metallurgy sector—including concessions
on railway freight transportation tariffs—is envisaged.
Under the document, existing market conditions, as well as
production and logistics costs in the ferrous metallurgy sector,
will be assessed for the 2027–2029 period. Based on this
assessment, potential incentive measures and concessions applicable
to the sector will be identified.
The Ministry of Digital Development and Transport and the
Ministry of Finance have been designated as the agencies
responsible for implementing this measure.
The state program notes that the economic efficiency of the
incentive measures and concessions to be identified will be
evaluated. At the same time, the aim is to identify economically
viable support instruments and establish a competitive railway
freight tariff mechanism.
In the subsequent stage, plans are in place to implement
incentive measures and concessions deemed economically viable.
Furthermore, the program also envisages the implementation of a
competitive railway freight tariff mechanism for the transportation
of ferrous metallurgy products.
Thus, the measures include plans to assess the production and
logistics costs of ferrous metallurgy enterprises and to develop
mechanisms for optimizing the tariff burden associated with product
transportation. These measures are scheduled for implementation
from 2027 through 2029.
