A memorandum of understanding supporting the innovative development of the higher education institution has been signed between Nakhchivan State University, the Nakhchivan Autonomous Republic Confederation of Entrepreneurs, and “Cahan Holding” LLC.

Elbrus Isayev, the Rector of Nakhchivan State University, provided extensive information about the activities of the higher education institution. The Rector noted that traditionally, the Nakhchivan Autonomous Republic Confederation of Entrepreneurs and “Cahan Holding” LLC have always supported students both materially and morally. They have supported students’ participation in international projects and consistently focused on providing material and moral support.

Then, Vugar Abbasov, Chairman of the Nakhchivan Autonomous Republic Confederation of Entrepreneurs and founder of “Cahan Holding” LLC, mentioned that one of the main objectives of the reforms in the country is to train local professional staff and ensure that young people take their rightful places in local institutions. In this regard, students should make effective use of the favorable conditions created for them. Young people who continuously seek to learn and gain experience contribute significantly to economic development as they develop into professional personnel.

Subsequently, a memorandum of joint cooperation was signed between Nakhchivan State University, the Nakhchivan Autonomous Republic Confederation of Entrepreneurs, and “Cahan Holding” LLC. The memorandum includes the expansion of cooperation between the higher education institution, the Nakhchivan Autonomous Republic Confederation of Entrepreneurs, and “Cahan Holding” LLC, the involvement of students from the Faculty of Economics in large-scale projects, training programs, and internship opportunities with the Confederation and “Cahan Holding” LLC. It also covers the organization of scientific-practical conferences, seminars, training sessions, motivational meetings, and other activities. The creation of a Technopark at the university, in collaboration with “Cahan Holding” LLC, is also planned, as well as the implementation of various events and the integration of academic potential.

Later, Rector Elbrus Isayev presented gifts to Vugar Abbasov, Chairman of the Nakhchivan Autonomous Republic Confederation of Entrepreneurs and founder of “Cahan Holding” LLC.