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Bulgarian companies ready to participate in recovery projects in Azerbaijan’s liberated lands

Economy Materials 2 March 2021 10:19 (UTC +04:00)
Bulgarian companies ready to participate in recovery projects in Azerbaijan’s liberated lands

BAKU, Azerbaijan, March 2

By Leman Zeynalova – Trend:

Bulgarian companies are ready to participate in recovery projects in Azerbaijan’s liberated lands, Bulgarian Ambassador to Azerbaijan Nikolay Yankov told Trend.

“I may say that the excellent bilateral relations are a prerequisite for successful mutually beneficial trade and investments, but unfortunately this existing potential has not yet been fully realized in visible economic results. Now, after the end of the 44-day war, a lot of work is ahead for Azerbaijan for the economic and social reconstruction of the liberated territories. President Ilham Aliyev has already invited participating states in the SGC to take part in the implementation of large and important projects in the liberated territories, such as "smart city" and "green energy", and I hope that Bulgarian companies will take advantage of this opportunity. Bulgarian companies have capacities and, if invited, could also participate in the future implementation of other construction and recovery projects in these territories,” said the envoy.

He pointed out that Bulgaria and Azerbaijan are quite similar countries in terms of territory, population and some fields, such as the agriculture and tourism.

“Both countries are open for fresh investments to further develop their economies. It is really difficult for the businesses and exporters from both countries to find the crossing point of their interests. In order to identify the exact potential areas for cooperation Bulgaria and Azerbaijan mainly rely on the annual work of the Joint Intergovernmental Commission for Economic Cooperation. The next session of the Commission has been planned to take place this year, here in Baku,” added Yankov.

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