On October 27, the Azerbaijan Investment and Culture Summit started working in Baku.
The Government of Azerbaijan established a foundation in 2003 to attract foreign direct investment into the non‐oil sector. In 2005, the foundation's mandate was expanded to include export promotion and to change its name to Azerbaijan Export & Investment Promotion Foundation (AZPROMO).
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The Azerbaijan Export and Investment Promotion Foundation (AZPROMO) is a joint public-private initiative, established by the Ministry of Economy of Azerbaijan in 2003 with the aim to contribute to the economic development through attracting foreign investments and stimulating exports in the non-oil sector.