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Minister: Russia’s investments in Azerbaijan reach $400 mln (PHOTO)

Business Materials 4 October 2011 17:26
Russia’s investments in Azerbaijan hit $ 400 million, Azerbaijani Economic Development Minister Shahin Mustafayev said at the Azerbaijani-Russian business forum in Baku on Tuesday.
Minister: Russia’s investments in Azerbaijan reach $400 mln (PHOTO)

Azerbaijan, Baku, Oct.4 / Trend, A. Akhundov /

Russia's investments in Azerbaijan hit $ 400 million, Azerbaijani Economic Development Minister Shahin Mustafayev said at the Azerbaijani-Russian business forum in Baku on Tuesday.

"Over three years Azerbaijan has registered 139 companies with the Russian capital," Mustafayev said.

He said over the first eight months of 2011 trade turnover between Azerbaijan and Russia increased by more than 60 percent compared to the same period of last year and reached $2 billion, that is, the indicator of 2010.

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