Baku, Azerbaijan, Oct. 11
By Anvar Mammadov - Trend:
Germany's direct investments in Azerbaijan amounted to $460 million, Azerbaijani Deputy Economy Minister Sahil Babayev said at the Azerbaijan-Germany business forum in Baku Oct. 11.
He added that all those investments were made in the non-oil sector of the Azerbaijani economy.
Babayev said that Azerbaijan's direct investments in Germany amounted to $120 million.
"The amount of Germany’s investments testifies interest in the Azerbaijani non-oil sector,” he said. “Of course, these figures do not reflect all the potential existing between our countries, but I think that the development of trade turnover between our countries will have a positive impact on investments.”
“The trade turnover between Azerbaijan and Germany has exceeded $500 million," Babayev said, adding that currently, 200 companies with German capital operate in Azerbaijan.