Industrialization to allow Azerbaijani companies to invest in German economy

Business Materials 4 September 2014 15:14 (UTC +04:00)

Baku, Azerbaijan, Sept.4

By Sabina Ahmadova - Trend:

Industrialization will increase the competitiveness of Azerbaijani enterprises and thus allow them to make additional investments, Hanns-Eberhard Schleyer, the head of the board of German-Azerbaijani forum, former secretary general of German Confederation of Skilled Crafts told Trend.

He stressed that a chemical industrial park is being created in Azerbaijan, adding that it is one of the elements of industrialization.

The experience acquired in this field will increase the investment potential of Azerbaijani companies and will allow them to operate in Germany's investment market, according to Schleyer.

"Azerbaijan managed to ensure its economic competitiveness and with this respect, vocational training is of great importance," he stressed.

"Small and medium-sized companies comprise the basis of German economy. They quickly adapt to new market conditions and are able to train specialists in the sphere of vocational training, which ensures their successful activity. These two factors are the key to the success of the country's economy. We want to share our experience in this sphere with Azerbaijan."

He underscored that Azerbaijan has rich natural resources and this sphere develops continuously.

Schleyer went on to add that the supply of countries with energy resources is of great importance, stressing that political and economic stability is inextricably correlated.

A German delegation comprising Hanns-Eberhard Schleyer, chairman of the Board of the German-Azerbaijani Forum, former Secretary General of the German Confederation of Skilled Crafts, former State Secretary, Karin Strenz, MP, chair of the Parliamentary Friendship Group for Relations with the States of the Southern Caucasus, Raynold Robben, chair of the German-Israeli Society, Michael-Andreas Butz, Secretary General of the German-Azerbaijani Forum, former Secretary of State, and Rainer Lindner, CEO of the Eastern Committee of German Economy are on a visit to Azerbaijan.

Edited by CN