AzerGold posts over 5% decline in export revenues

In January-July 2022, AzerGold CJSC exported $52.8 million worth of products, $3.1 million or 5.5% less than in January-July 2021, Report informs, citing the Center for Analysis of Economic Reforms and Communication.

AzerGold was established in 2016 by order of President Ilham Aliyev, dated February 11, 2015. Its authorized capital is 62 million manats. The main activity of the company is the development of the non-oil sector in Azerbaijan, and its primary purpose is the study, research, exploration, management, production, processing and sale of precious and non-ferrous metal ore deposits, application of new technologies in this field, modernization of material and technical base.