Baku, Azerbaijan, Apr. 22
Trend:
Azerbaijan and Iran should deepen relations between their financial institutions, Iran's Minister of Communications and Information Technology Mahmoud Vaezi said Apr. 22, adding that this will expand trade and economic relations between the two countries.
Vaezi was addressing a meeting with Chairman of the Board of Directors of Azerbaijan's Financial Market Supervisory Body Rufat Aslanli, according to a message from the Supervisory Body.
He also expressed interest in taking joint measures to support the development of non-oil sectors of Iran and Azerbaijan.
In turn, Aslanli highlighted the dynamic development of relations between Azerbaijan and Iran, and noted that there are favorable opportunities for cooperation of the two countries in the financial sector.
As of late 2015, Iran's investments in the fixed assets of Azerbaijan reached $760 million, while investments in the non-oil sector of Azerbaijan totaled $145 million.