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Russian PM to likely visit Baku

Business Materials 23 June 2009 15:13 (UTC +04:00)
Russian PM to likely visit Baku

Azerbaijan, Baku, June 23 / Trend , I.Khalilova/

Russian Prime Minister Vladimir Putin will arrive in Azerbaijan in late June with a work visit, the Azerbaijani governmental said on June 23.

"This is Putin's first visit to Azerbaijan after appointing as the head of the Russian government," the source said.

The visit will take place on June 29.

"The visit will focus on exchanging opinions on topical issues for the both countries, including cooperation in fuel and energy sector," the government said.

On June 23, the Russian government's press service did not comment on the report about Putin's Baku visit.

At present the Azerbaijani oil is transported through Russia via the Baku-Novorossiysk oil pipeline. In 2009, a memorandum was inked on possible deliveries of the Azerbaijani gas to Russia in 2010.

The Azerbaijani-Russian relations have recently strengthened and the Russian government seeks to maintain a positive dynamics of the Azerbaijani-Russian goods turnover, observed in 2008. Goods turnover increased by 42.5 percent and amounted to $2.402 billion in 2008.

A real forecast for 2009 is to maintain goods turnover with Azerbaijan at the level of 2008. Optimistic forecast indicate growth of goods turnover to $2.5 billion.

According to the Russian data, this country's export to Azerbaijan was $1991.1 million (a 42.6-percent growth in 2008) and import - $401.4 million (+25.4 percent).

One of key indicators of the economic relations is the state of the transport infrastructure. Some measures are taken to simplify movement of passenger and cargo trains between Russia and Azerbaijan.

In 2008, some 550 companies with the Russian capital operated in Azerbaijan and the hugest of which launched their activities in 2008, including brewery plant Baltika and the second giant bank of Russia Bank for Foreign Trade.

Half of the companies functioning in Azerbaijan with the Russian capital are joint ventures and another half has a-100 percent Russian capital.

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