BAKU, Azerbaijan, April 14. Azerbaijan's State Tax Service under the Ministry of Economy registered STP Advanced Technologies LLC, Trend reports via the service.
The company's authorized capital is 1,000 manat ($588.2). Its official representative is Nariman Sardarli. The legal address of the company is H.Z.Taghiyev Str., Technopark, Sumgait.
Sumgait Technologies Park (STP) was established in 2009. STP is the first technopark in the South Caucasus and Azerbaijan with a total area of 250 hectares.
STP is a resident of Sumgait Chemical Industrial Park. The park's products are considered to be of high quality in the markets of Russia, Georgia, Kazakhstan, Kyrgyzstan, Turkmenistan, and Türkiye and are sold under the Made in Azerbaijan trademark.
On 5 October 2016, President of Azerbaijan Ilham Aliyev signed a Decree on the large-scale promotion of products of the local non-oil sector in foreign markets under the Made in Azerbaijan trademark. The implementation of support measures to advance the Made in Azerbaijan brand overseas and encourage exports are covered by ten different mechanisms under this Decree.
