Azerbaijan, Baku, Sept. 22 / Trend / A.Akhundov /
Trade turnover between Azerbaijan and Bulgaria grew four times during the first eight months of this year, compared to the same period in 2010, Azerbaijani Economic Development Minister Shahin Mustafayev said at the Azerbaijan-Bulgarian business forum in Baku on Thursday.
He said that export transactions have quintupled, while imports grew by 52 percent.
"The two countries have great potential for cooperation in fields such as construction, electrical equipment, use of alternative energy sources, textile and food industries, as well as transportation," Mustafayev said.
He called for the active participation of business associates in establishing mutual ties.
"A reliable legal basis was established to further development of the Azerbaijan- Bulgaria cooperation. The two countries signed more than a dozen agreements in the economic field. The trade agreement is among the most important," Mustafayev said.
Trade turnover between Azerbaijan and Bulgaria grew by 9 percent compared to 2009.
Bulgarian Economy, Energy, and Tourism Minister Traicho Traikov said that Bulgaria is among the most convenient platforms for expanding into European markets.
"We have low tax rates and simple regulations. Bulgaria is a good correlation of quality and price to do business in the country," Traikov said.
The Azerbaijani and Bulgarian companies can successfully cooperate in the spheres of ecology, electrical engineering, construction, logistics, textile, and food industries.
About 80 businessmen representing industry, tourism, construction, finance and other areas of the economy attended the forum.