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Various spheres to be represented within Azerbaijani-Bulgarian business forum in Baku

Business Materials 25 April 2012 16:02 (UTC +04:00)

Azerbaijan, Baku, April 25 / Trend A. Hasanov /

A meeting of business people will be conducted on April 27 during visit to Baku of a Bulgarian delegation led by Prime Minister Boyko Borisov, the Azerbaijan Export and Investment Promotion Fund (AZPROMO) told Trend on Wednesday.

The delegation will include 11 people who will represent construction, transport, logistics, pharmaceuticals, poultry, wine-making, milk production, and tea and coffee industries.

About 30 people will attend business meeting.

The last meeting between businessmen from both countries took place in Baku in September 2011.

"Both countries have great opportunities to develop the cooperation in such fields as construction, electrical equipment production, the use of alternative energy sources, textile and food industries, as well as transport," Azerbaijani minister of economic development Shahin Mustafayev said at the Business Forum.

Bulgarian Minister of Economy, Energy and Tourism Traicho Traikov said at the meeting that Bulgaria is the most convenient platform for expansion into European markets. Azerbaijani and Bulgarian companies can successfully cooperate in the fields of ecology, electrical engineering, construction and logistics, textile and food industries,
Traikov said. Bulgaria is also interested in the supply of compressed Azerbaijani gas via the Black Sea.

"Bulgaria is a part of the 'Southern Gas Corridor'. It negotiates with various countries, including Azerbaijan to purchase gas within various projects," Traikov said. "We are greatly interested in the supply of compressed Azerbaijani gas across the Black Sea."

According to the Azerbaijani State Statistics Committee, as of 2011, trade turnover between Azerbaijan and Bulgaria amounted to about $428 million, of which more than 410 million manat fall to the export of Azerbaijani goods. Trade increased by almost three times compared to 2010.

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