Baku, Azerbaijan, Nov. 24
By Anvar Mammadov – Trend:
Currently, more than 200 companies with German capital operate in Azerbaijan, Samir Valiyev, head of the Azerbaijani Economy Ministry’s office, said.
Valiyev made the remarks at the 7th meeting of the Azerbaijan-Germany high-level working group in Berlin Nov. 24, the Azerbaijani Ministry of Economy said.
Valiyev also said that up till now, Germany invested $496.9 million in Azerbaijan's fixed capital.
He added that German companies are also actively participating as contractors in the implementation of projects in Azerbaijan.
Valiyev said that Azerbaijani entrepreneurs have participated in two exhibitions in Germany, namely, ProWein and Anuga, this year.
He said that the mutual trade turnover will increase due to the contracts signed within the exhibitions.
The next meeting of the high-level working group will be held in Baku in autumn 2018.
According to the Azerbaijani State Statistics Committee, the trade turnover between Azerbaijan and Germany amounted to $668.46 million for 10 months of 2017.