Newsfeed

Politician: Perhaps great powers have promised Armenia to pressure Turkey into opening Armenian-Turkish border

Armenian general suggests delivering a series of preventive surgical strikes at Azeri army's combat positions

General: Even Turkish instructors admit low combat effectiveness of Azeri army

Mika Stadium placed on auction

Resident of Artashat wounded in shooting

Armenian Foreign Minister to attend Erdogan's swearing-in ceremony

VTB Bank (Armenia) offers a new installment credit with 1% discount

Beeline provides its subscribers with free access to its website

ACBA-Credit Agricole Bank announces a CASHBACK QUEST contest for AmExR Cashback cardholders

Ameriabank launches AmeriaToken - innovative application for smartphones of customers using online services

Employees of Areximbank-Gazprombank Group join international Ice Bucket flashmob

Armenian Presidnet: Not everybody is glad that Armenia is joining the Customs Union

Armenian FM may attend inauguration of Turkish President

Armenian President is comfortable with activities of parliamentary opposition

Vice Speaker of Armenian Parliament: Mass violence applied against Yazidis in Iraq is unacceptable

Georgian Military road completely cleared

President of Armenia: Baku organizes provocations at the highest level

Aram Manukyan: Armenian authorities pushed the idea of independent and free Armenia to the sidelines

Coordination Center of Armenian Associations of Sweden demand Azerbaijan to repatriate Karen Petrosyan's body

Areximbank-Gazprombank Group provides nonchip Visa Gold and MasterCard Gold cards

Shavarsh Kocharyan: Murder of Karen Petrosyan has many similarities with the cruel murder of American journalist in Syria

Ivan Kuhta: Difference of our political orientation will not affect Ukrainian-Armenian relations

Armenian President: Armenian-Georgian relations are on all-time high level

Special offer for Orange Internet subscribers

Armenia's Defense Ministry Spokesperson denies Azerbaijan's reports on exchange of captives

Exclusive

Ivan Kuhta: Difference of our political orientation will not affect Ukrainian-Armenian relations

Zardusht Alizadeh: Arriving in Sochi, Aliyev and Sargsyan once again demonstrated the world that Russia is still the demiurge in the Caucasus

Masis Mailyan: Unlike Azerbaijan, global centers of force are not interested in growing tensions in Nagorno-Karabakh conflict zone

Sergey Grinyayev:The West’s sanctions are extremely positive for the Eurasian Union project

Alexey Kolomiyets: West's sanction will hardly sober Putin and the Kremlin

Hrant Bagratyan: Sanctions will have tangible impact on Armenia

Georgi Kolarov: The second Nagorno-Karabakh war is inevitable

Artashes Shaboyan: Reduction in consumer demand has a negative effect on supermarkets

Tigran Davtyan: If you have a telephone with you, it means that you have a wallet with you too

Shmuel Meirom: Israel is willing to contribute of its experience in the field of economy, but it cannot force Israeli business to invest in Armenia

Marine Karapetyan: Ameriabank on large business: problems and solutions

Eduard Sharmazanov: The opposition camp has no leader to steer the people

Alexander Zinker: Readiness of the Kremlin to protect its “Big Russian world” is dangerous for Russia itself

Vahe Davtyan: lternative power engineering should be developed regardless of fluctuations in electric power tariffs

Alexander Krylov: Taking into consideration the experience of the EU, Russia has to refuse maximal extension of the Eurasian Economic Union

Petkim Petrochemical Plant Obtained Privileges from Turkish Government

  • Thursday, January 10, 13:45

 Baku. Petkim petrochemical complex has obtained a certificate for tax remissions as a part of the investment stimulation program from the Turkish Ministry of Economic Development. SOCAR bought the control amount of shares (50%+1 share) of Petkim in May 2008, reported Petkim's press office.

The press office quotes Sadetdin Korkut, General Director of Petkim, that the "Turkish Ministry of Economic Development has complied with Petkim's request, to provide tax remissions for the purpose of increasing the production capacity and produce new types of products." Korkut said that the decision would give a new impetus to development of the industry and increase the volume of manufactured products. As soon as new tax remissions are introduced, annual production capacity of the complex will increase by 13% and the manufacture of products will increase from the current 3.2 up to 3.5 million tons. Korkut also added that the new tax remissions would help to reduce product cost and turn Petkim into one of the biggest petrochemical complexes.  * On March 30, 2012 Socar Turkey Enerji A.S. and SOCAR International DMCC OGG bought 10.32% shares of Petkim and increased their share to 61.32%.  There is 38.67%  in free circulation at the Istanbul Stock Exchange.

 

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields