Cooperation agreements signed at Azerbaijani-Lithuanian business forum

Cooperation agreements signed at Azerbaijani-Lithuanian business forum

Azerbaijan, Baku, Feb. 9 / Trend U. Ismayilova /

The relations between Azerbaijan and Lithuania indicate the close cooperation between the two countries, Azerbaijani Parliamentary Speaker Ogtay Asadov said at an Azerbaijani-Lithuanian business forum on Wednesday.

"The presidents of both countries attach great importance to developing economic and trade relations," Asadov said. "The trade turnover between the countries developed in an incremental line, but we must not be satisfied by these indicators, as there is potential for further development."

Despite the global financial crisis, Azerbaijan was able to maintain economic growth and Azerbaijani President Ilham Aliyev pursues a policy that led to the preservation of economic development. "The economy has grown in recent years by 15 times, and strategic currency reserves reached $30 billion. Azerbaijan ranks first among the CIS countries in terms of growth of economy," he added.

He said the development of the Azerbaijani economy's non-oil sector is ahead of the development of the oil sector.

"I think the business forum could create good relations between countries, as there is an opportunity to establish close contacts. In particular, it is planned to create joint ventures in the financial and banking sectors," Asadov said.

Lithuanian Parliamentary Speaker Irena Degutiene expressed the hope that this business forum will promote the expansion of Lithuanian business in Azerbaijan.

"Azerbaijan and Lithuania have become serious partners in the South Caucasus in 2008," Degutiene said. "The result of this is opening of the Trade House of Lithuania in Azerbaijan in September 2009."

She said the Lithuanian government rejoices over cooperation with Azerbaijan as a country with a rapidly growing economy. Trade turnover between the two countries in recent years has grown more than a third, Degutiene said.

"That is fine, but not the limit. Parties have not yet used all the available opportunities and potential," Degutiene added.

Regarding the possible cooperation between the countries, Degutiene said that Lithuania has set itself as an ambitious target for the development of ICT to develop the Innovation Service Center of the North Sea and Baltic regions. Also, the country has serious development in the field of real estate cadastre.

"We offer Azerbaijan our experience in the field of alternative energy sources and environmental protection," she said.

In the food industry, Lithuania is known for the production and sale of dairy products, ketchup and other products.

"This area comprises a significant part in Lithuania. It is encouraging that Azerbaijan's trading facilities offer Lithuanian dairy production," Degutiene added.

She said Lithuanian businessmen are interested in further development of partnerships in this area for business development.

The Azerbaijani-Lithuanian business forum is attended by representatives of spheres of telecommunications, construction, manufacturing of ceramics, and for the organization to provide medical services to those who wish to expand partnerships in Azerbaijan.

"We intend to develop serious academic projects with Azerbaijan," Degutiene said. "In autumn 2010, Azerbaijani students entered the various universities of Lithuania and they were exempted from tuition fees," she said.

Three agreements on cooperation were signed at the business forum: (1) General Director of Lithuanian Business and Employers Confederation Algimantas Akstinas and Azerbaijani National Confederation of Entrepreneurs Mammad Musayev, (2) Vilnius University Deputy Director Juras Banys and Director of the ANAS Institute of Cybernetics Telman Aliyev between the Lithuanian, as well as (3) INTA company and Azerbaijan's Cyber LTD have undersigned the documents.

The event was attended by over 20 companies in the areas of agriculture, food processing, energy, telecommunications, construction, education and other fields from the Lithuanian side and the Azerbaijani - 60 companies from similar areas.

Subscribe to Trend in Google News! Subscribe
Uzbek Statistics Committee shares data on imports by types of goods and services
Uzbek Statistics Committee shares data on imports by types of goods and services
Trade turnover between Uzbekistan and Azerbaijan increases
Trade turnover between Uzbekistan and Azerbaijan increases
Uzbekistan among countries with cheapest electricity
Uzbekistan among countries with cheapest electricity
Loading Bars
Georgia sees increase in FDI flow
Russia kicks off study of coronavirus immunity among children
Azerbaijan reveals number of victims as result of mine explosions on liberated lands
Uzbek Statistics Committee shares data on imports by types of goods and services
Azerbaijan considers creating information exchange platform for cybersecurity in banking sector
External cyberattacks during Second Karabakh War mainly focused on Azerbaijan’s Central Bank – CERT
Azerbaijani minister of youth and sports announces new staff reforms
Iran's steel industry developing significantly, MP says
Russia detects 30,209 daily COVID-19 cases
Volume of Portugal’s petroleum oils imports from Azerbaijan disclosed
Eurostat reveals data on Croatia’s petroleum oil imports from Azerbaijan
U.S. FDA authorizes use of AstraZeneca COVID-19 antibody cocktail
Azerbaijan opens criminal investigation on death of two people in mine explosion in Shusha
South Africa reports nearly 20,000 COVID-19 cases, an Omicron-wave record
Iran reveals COVID-19 data for December 9
Iran's Bahar Azadi gold coin price rising
Trade turnover between Uzbekistan and Azerbaijan increases
Azerbaijan becomes main cement exporter to Georgia
Azerbaijani National Agency for Mine Clearance of Territories informs about two people killed in mine explosion near Shusha
Biggest cement exporters to Georgia revealed
IGB to have two audits after being commissioned
Azerbaijan’s 9M2021 turnover of mutual tourism services decrease
Azerbaijan discloses balance of payments in 9M2021
Time of allocating last EIB loan tranche to IGB announced
Azerbaijani minister talks number of regions to be covered by STEAM educational project
Turkmenistan supports measure by int'l community to fight COVID-19 consequences – minister
EIB allocates third tranche of loan for IGB
Banks of Azerbaijan to optimize their information security in 2022
School to be restored after residents return to Aghali village of Azerbaijan's Zangilan – minister
Uzbekistan among countries with cheapest electricity
Azerbaijan completes design of school № 1 in Shusha city – minister
Azerbaijan's Unibank to expand online services
Azerbaijan notes increase in aluminum export in 10M2021
Azerbaijan's Bank Respublika introducing modern authentication-based open banking
Two dead as result of mine explosion in Dashalti village of Shusha
Iran records decrease in production of several mining products
Azerbaijan’s 10M2021 oil exports to France revealed
Azerbaijan considers providing media entities with preferential loans
Azerbaijan's AzeriCard to launch expanded form of contactless payment system
Iran’s Shahid Tondgooyan Petrochemical Company to boost production
EBRD allocates loan to Azerbaijani engineering-manufacturing company
Proposal made to apply tax incentives to media entities in Azerbaijan (PHOTO)
Turkey reveals passenger traffic at new Istanbul airport over 11M2021
Azerbaijan sees growth in cotton products export volume for 10M2021
Four factors to shape next steps of OPEC+ in 2022
RBI pegs GDP growth at 9.5%, inflation at 5.3% for 2021-22
Oil market lagging behind that of natural gas in terms of balances
Azerbaijan identifies remains found in Caspian Sea
Azerbaijan notably increases export volume of plastic products for 10M2021
Dangerous to fully trust accuracy of minefield maps provided by Armenia - Azerbaijani president's special representative
Azerbaijan plans to rebuild ‘Imarat’ stadium in Aghdam - special rep of president
India's Ola Electric raises $200 mn funding, valuation touches $3 bn
SOCAR AQS completes drilling of another well at Gunashli field
Iran’s IAC shares data on activities of airports in Ardabil Province
Turkmenistan commissions new gas field
Bitcoin demonstrates sustainability as financial resource - FARI Solutions
Georgia releases COVID-19 data for December 9
Georgia’s sheep exports down
Indian RBI sees GDP growth at 9.5% but warns of Omicron risk
GECF intends to create an Electronic Trading Platform
Byju's buys Austrian math-learning co GeoGebra
Azerbaijani oil prices increase change
Azerbaijan to be represented by Deputy Foreign Minister Khalaf Khalafov at 3+3 format meeting
General Bipin Rawat played key role in cementing India-US defence ties: US
Bangladesh: Shringla calls on Sheikh Hasina, discusses forthcoming visit of President Kovind
Kazakh gas producing company opens tender to buy steel pipes
Kazakhstan begins construction of new ferroalloy plant in Ekibastuz
Cargo movements in Iran's Fereidoonkenar port down
Iran sees increase in exports via customs of West Azerbaijan Province
SOCAR among main suppliers of motor gasoline produced by ORLEN to Ukraine
First meeting of cooperation platform in 3+3 format to be held in Moscow
Azerbaijan plans to begin formation of legal framework for open banking in 2022 (PHOTO)
Kazakhstan’s oil and gas company opens tender for equipment repair
Azerbaijani, French ambassadors discuss results of Sochi meeting in Russia
U.S.-Israeli firm Tipalti raises $270 mln at more than $8 bln valuation
Uzbekistan shares domestic COVID-19 data for December 8
Georgia’s wine export volume reaches historical maximum
Iranian currency rates for Dec. 9
Armenian provocation near border results in death of Azerbaijani soldier
Iran reaches new record in daily gas transportation
Oil stays on the rebound as Omicron fears ease
Russia’s Astrakhan developing transportation of goods along North-South int’l transport corridor - governor
6.0-magnitude quake strikes Japan's Kagoshima Prefecture
Japan's COVID-19 cases defy Asia rebound, yet fears remain for winter wave
Steps being taken to build new bridge over Astarachay between Azerbaijan and Iran – ambassador
Kazakh economic growth accelerates to 3.8%
U.S. envoy to return to Vienna over weekend for Iran talks
UK, Canada join diplomatic boycott of Beijing Winter Games
Russia plans to deliver another batch of S-400 systems to Turkey - Kremlin spokesman
Burkina Faso president fires PM amid security crisis
Pres. Raisi: Iran-Turkey cooperation to enter new phase
Seven U.N. peacekeepers killed in central Mali explosion
Bayern Munich 3-0 Barcelona: Xavi's side crash out of Champions League
Erdogan praises new economy model, calls for trust in policies
Olaf Scholz elected new German chancellor
Georgian gov't allows Covid-19 booster five months after last shot
Turkey’s COVID-19 numbers decrease despite winter worries
Georgia shares data on most exported goods to Azerbaijan
Iran RIPI among 25 leading patent holders in oil, gas nanotech
Johnson imposes COVID-19 'Plan B' in England to contain Omicron
All news