Azerbaijan calls Bulgarian companies to set up joint ventures (UPDATE)
Details added (first version posted at 11:01)
Baku, Azerbaijan, Sept. 29
By Azad Hasanli - Trend:
Azerbaijan calls Bulgarian companies for establishing joint ventures to export the products to third countries, Sahil Babayev, Azerbaijani deputy minister of economy, said.
Babayev made remarks at the Azerbaijani-Bulgarian business forum in Baku Sept. 29.
He added that the favorable business and investment conditions have been created in the country.
“Azerbaijan and Bulgaria have established a solid legal base,” he said. “More than 20 documents were signed only in the economic sphere. A joint statement on strategic cooperation signed in 2015 plays a special role in expanding cooperation."
Babayev added that the trade turnover between Azerbaijan and Bulgaria in January-August 2016 was twofold more than in the same period of 2015. Currently, nine companies with Bulgarian capital operate in Azerbaijan.
While speaking about the country’s recent measures in the areas of improving the business sphere and the promotion of investments, Babayev called Bulgarian companies for investing in different spheres of Azerbaijani economy, as well as in the industrial and agricultural parks.
Almost 120 companies operating in the fields of ICT, oil and gas, insurance, logistics, agricultural insurance, transport, construction, trade, etc. attended the Azerbaijani-Bulgarian business forum.