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Bavaria aims for long-term cooperation with Azerbaijan

Business Materials 31 May 2017 21:18 (UTC +04:00)

Baku, Azerbaijan, May 31

By Anvar Mammadov – Trend:

Bavaria aims for long-term cooperation with Azerbaijan, Franz Josef Pschierer, state secretary in the Bavarian Ministry of Economic Affairs and Media, Energy and Technology, told Trend.

“We hope to improve and strengthen relations between Bavaria and Azerbaijan in the first place,” he said, adding there are several companies interested in investing in Azerbaijan. “We want to prepare the ground for further mutual investments.”

Bavarian companies are interested in cooperation both in the oil and non-oil sectors of the economy, according to Franz Josef Pschierer.

“Naturally, we are very interested in the oil and gas cooperation but we also see that Azerbaijan is seeking to diversify its economy. Therefore, we are also interested in cooperation in the fields of tourism and new technologies,” he noted.

“We are especially interested in tourism cooperation. Azerbaijan is a very attractive country with its history, ancient architecture and spectacular views.”

Pschierer added that a number of Bavarian companies aim to establish joint ventures with Azerbaijani companies.

“It is very important for our companies to find a reliable partner for long-term cooperation in Azerbaijan. Our companies do not consider other countries only as a market to sell their products – they are interested in long-term investment and cooperation. Azerbaijan is a very interesting country for investments and establishing production,” he said.

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