Dmitry Sergeev is a successful serial entrepreneur of Russian origin, who built his most prominent venture, Depositphotos, in Ukraine.

Almost 74 percent of job creators in the populous Central Asian nation are small businesses, and more than 60 percent of jobs are located in rural areas.

The complex will have a production capacity of 720,000 tonnes of finished polymer products –- enough to satisfy all domestic demand.

Fitch forecasts Azerbaijan's gross domestic product (GDP) growth of 4.9 percent in 2021, following last year's 4.3 percent contraction.

Mirziyoyev, who was re-elected with a landslide victory in October this year, made poverty reduction in the country one of the main targets of his reform policy.