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Annual Report of the ABAD public legal entity for 2020
01.02.2021
Annual Report of the ABAD public legal entity for 2020

ABAD public legal entity continued its activities in 2020. The special quarantine regime in our country declared due to the COVID-19 pandemic lasted for 9 months in 2020. Despite the lack of reception of citizens because of the situation, the number of ABAD members increased by 48 families during the year, reaching 469 in total.

There has even been an increase in the scale of sales generated by ABAD centres this year. Thus, 14 new ABAD stands launched in "Bravo 28 Mall", "Bravo Deniz Mall", "Bravo Chocolate Tower", "Grandmart Altes Plaza", "Grandmart Aff Mall", "Grandmart AFF Business", "Grandmart Odlar Yurdu" , “Bolmart Teze Bazar”, “Bolmart 9 micro-district” and the number totalled at 19.

There has also been a change in the number of regional centres. With the opening of the ABAD Tovuz regional centre, the number of ABAD regional centres operating in the country has reached 6.

Another ABAD Factory Production Complex was opened in 2020. The second-largest Tovuz ABAD Factory is focused on Plant Processing and Drying.

The number of ABAD schools has also increased. The second ABAD School was opened at the Tovuz ASAN Hayat complex.

One of the most gratifying aspects is that the assortment of products in the field of food production has multiplied. 3 types of natural oils (hazelnuts, walnuts, sesame), 7 types of spices, 5 types of stuffed leaves, various pastries, prunes, coconut flour and sweets: Chack-Chack and Sheki halva are included in the list of "ABAD" food products.

During the year, a Tripartite Letter of Intent signed among ABAD public legal entity, the International Bank of Azerbaijan and the Agrarian Credit and Development Agency (AKIA). The protocol envisages cooperation to support the development of entrepreneurship. In this context, tripartite assistance will be provided to businesses to implement self-investment projects.

ABAD also contributed to the creation of a favourable and healthy business environment for food businesses in the country by different projects such as “Establishment of new abattoirs in the liberated areas” and “Supporting a healthy concept for the fast-food industry of the country”. The purpose of the projects is to ensure the construction of various establishments engaged in food production in line with technical normative legal acts and international standards.

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