BAKU, Azerbaijan, May 10. There is an increased flow of German businessmen in Azerbaijan, which is an indicator that it continues to grow despite the global challenges, Tobias Baumann, AHK Executive Director, told Trend.
On the back of the conflict between Russia and Ukraine, the energy prices grow, which means good income, and further business development for Azerbaijan, Baumann said.
Meanwhile, according to the executive director, the trade indicators between Azerbaijan and Germany improved significantly over the last year, compared to the coronavirus pandemic year of 2020, with the total trade turnover reaching 1 billion euros.
German exports to Azerbaijan in 2021 reached 300 million euros, while imports totaled 700 million euros. The indicators of the first quarter of 2022 also look better, he added.
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