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Minister: Azerbaijan increases investments in Georgia by 50 per cent

Business Materials 16 February 2012 13:27 (UTC +04:00)
Over the past year, Azerbaijan has increased investments in Georgian economy by 50 per cent, Azerbaijani Economic Development Minister Shahin Mustafayev told journalists in Tbilisi on Thursday.
Minister: Azerbaijan increases investments in Georgia by 50 per cent

Georgia, Tbilisi, Feb.16/ Trend, N.Kirtskhalia /

Over the past year, Azerbaijan has increased investments in Georgian economy by 50 per cent, Azerbaijani Economic Development Minister Shahin Mustafayev told journalists in Tbilisi on Thursday.

An Azerbaijani delegation headed by Mr Mustafayev is currently attending the Azerbaijani-Georgian-Turkish Business Forum.

This statement was made after a meeting of the economic ministers of Georgia Vera Kobalia, Turkey - Zafer Caglayan and Azerbaijani Economic Development Minister Shahin Mustafayev, which was held behind closed doors. This is the first meeting of its type.
Mr Mustafayev expressed satisfaction with the meeting stressing that all sides discussed a number of issues of mutual interest.

"The meeting took place with the complete understanding and goodwill and we were able to discuss many projects," he said.

Mr Mustafayev expressed his satisfaction with the increase of Azerbaijani investments in the Georgian economy, stressing that it is a sign of friendly relations between the two countries.

"Azerbaijan business intends to actively participate in the implementation of joint projects in Georgia in the future," he said.

The business forum is being attended by over 100 businessmen from Azerbaijan, Turkey and Georgia.

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