Czech Republic ready to discuss mutual investments with Azerbaijan, says minister

Czech Republic ready to discuss mutual investments with Azerbaijan, says minister

BAKU, Azerbaijan, Jan.27

By Leman Zeynalova – Trend:

Czech Republic ready to discuss mutual investments with Azerbaijan, Foreign Minister of Czech Republic Tomas Petricek said in an interview with Trend.

“In line with relevant legislation, the Czech Republic provides various incentives such as tax relief for up to 10 years to foreign investors, especially those who create jobs in regions with a higher level of unemployment – i.e., not in Prague where the level of unemployment is currently below 2 percent. According to the recent amendments to the Investment Incentives Act, projects focused on regions other than Prague will receive preferential treatment. This applies particularly to technology centres which can obtain grants for creating jobs, training and retraining new employees. Prospective foreign investors in the Czech Republic are advised and supported by the CzechInvest agency, established by the Ministry of Trade and Industry. Investment in both directions is obviously a topic we are ready to discuss at the Joint Commission in 2020 [on Economic, Technical-Scientific and Cultural Cooperation],” he said.

As for the prospects for creating joint ventures between the two countries in various spheres, Petricek said Czech Republi sees such potential in a variety of economic sectors, including energy, automotive industry, transport infrastructure and agriculture.

“As for the latter sector, one which has great potential in Azerbaijan with its fertile land, our Embassy in Baku brought a trade mission led by the Czech Deputy Minister of Agriculture Pavel Veselý to Azerbaijan in April 2019, allowing for the establishment of contacts between companies from both countries,” said the foreign minister.

Petricek pointed out that while the CzechTrade agency established by the Ministry of Industry and Trade, with its office in Baku, does a great job in establishing links between Czech and Azerbaijani private businesses, doing business with enterprises owned, or co-owned to a significant degree, by the Azerbaijani state is a matter of interest for the Czech-Azerbaijani Joint Commission on Economic, Technical-Scientific and Cultural Cooperation.

“Both of its previous co-chairs moved to other positions within the Czech and Azerbaijani state service late in 2019, and we hope new ones will be appointed by both sides very soon so this important Commission can soon meet in Prague for another round of a strategic debate on the future of our relations. Based on our positive experience, we will continue to seek participation in projects aimed at modernisation of the Azerbaijani economy,” he said.

---

Follow the author on Twitter: @Lyaman_Zeyn

Iran ready to return to its JCPOA obligations, MFA official hints
Iran ready to return to its JCPOA obligations, MFA official hints
Foreign investors waiting for decision related to FATF in Iran – official
Foreign investors waiting for decision related to FATF in Iran – official
Iran talks IAEA monitoring cameras at nuclear sites
Iran talks IAEA monitoring cameras at nuclear sites
Loading Bars
Latest
9 missing in Indonesia's boat accident
IS claims responsibility for Kabul mosque attack
More than 677,000 COVID-19 infections detected worldwide over past 24 hours
Chamber of Commerce hopes Iran's trade to improve as COVID-19 spread declines
Iran to hold conference on electrical engineering
Weekly review of Azerbaijani oil market
Uzbekistan to restore air communication with Saudi Arabia
Georgian Parliament Speaker to pay official visit to Brussels
Britain reports 2,027 new COVID-19 cases, seven deaths
Emergency session of OIC to be held on May 16 at Turkey’s initiative, Ankara says
Turkey aims to create electric vehicle market
Uzbekistan imported more than 200 million liters of gasoline in Jan-Apr 2021
Iranian, Spanish FMs exchange views on economic, trade coop.
Kazakh, Polish, Ukrainian and Arabian airlines to resume flights to Batumi
All international airlines halt air service with Israel
IDF confirms its strike on Gaza building after advance warning to civilians
Azerbaijani and Tajik FMs discuss situation on Azerbaijani-Armenian border
Fitch Ratings forecasts inflation rate in Azerbaijan for 2021-22
Nordwind launches direct flights from St. Petersburg to Baku from May 18
US ambassador to Azerbaijan, USAID director meet with Azerbaijani MP
Shooting occurred on border with Iran, two Azerbaijani border guards were killed
Suez Canal starts dredging work to extend double lane
At least 2,300 missiles fired at Israel from Gaza Strip since May 10
Africa's COVID-19 cases pass 4.67 mln: Africa CDC
Turkish Airlines resumes flights to Azerbaijan's Ganja (PHOTO)
Azerbaijan shares data on number of vaccinated citizens for May 15
France's import value of Turkish cement rises
Azerbaijan confirms 377 more COVID-19 cases, 1,318 recoveries
Azerbaijan's government budget deficit to narrow in 2021-2022 - Fitch Ratings
Azerbaijan's olive oil company entering Russian market
Turkey's revenues from exporting electrical goods to France increase
Fitch Ratings anticipates Azerbaijan's GDP growth in 2021
Value of Georgia's import of Turkish clothes grows
China's import value of Turkish electrical goods up in 4M2021
Turkey unveils number of ships docking at Tuzla port in 1Q2021
French import of grains from Turkey rises in value
Fitch predicts growth in foreign direct investments in Azerbaijan
U.S. requires inspections for wire failure on Boeing 737 Classic planes
Azerbaijani oil prices rebound
Iran hoping to overcome 4-th peak of COVID-19
Iran worried about blackouts due to cryptocurrency mining at homes
Georgia increases exports of beer
Kazakhstan's import value of Turkish electrical goods disclosed
Kazakhstan’s postal operator to engage repair services via tender
Kazakh energy company opens tender for buying isolators
Uzbekistan's import value of Turkish electrical goods notably up
Walmart says fully vaccinated employees can go without masks starting Tuesday
Azerbaijani president, first lady visit secondary school No 1 and Saint Elisæus Jotaari Church in Nij settlement, Gabala (PHOTO)
Georgia reports 1,576 new cases of COVID-19
Iran hopes to start exporting gas if Vienna talks are successful
Iran's 4M2021 import of Turkish grains doubles in value
Turkey reveals 1Q2021 volume of cargo shipment via Trabzon port
Value of Turkish cement export to Germany rises
EBRD to back development renewable energy projects in Georgia
Azerbaijani president, first lady attend opening ceremony of Gabala Railway Station and Laki station - Gabala single-track railway (PHOTO)
Azerbaijani president, first lady attend opening ceremony of new bridge over Bum River, road to Bum settlement after renovation (PHOTO)
Azerbaijani president, first lady visit Albanian Church of Blessed Virgin Mary in Nij settlement, Gabala (PHOTO)
Azerbaijani president, first lady arrive in Gabala district (PHOTO)
Iran inaugurating more projects in Chabahar port
Romania’s Romgaz lowers natural gas output q-o-q
No provocative actions against Russian peacekeepers noted in Karabakh - MoD
Casualties due to landmines in Azerbaijani liberated territories addressed at online conference
India: Modi releases 8th instalment of PM-KISAN benefits
Fitch revises outlook on Azerbaijan's IDR
Armed forces spearhead India’s Covid battle
UN Secretary-General counts on cooperation with Russia in supporting peace and stability
Romgaz’s investments turn out to be 39% less than planned
Spain logged hottest year on record in 2020
Romgaz sees over 7% decrease in Q1 2021 revenues
Khari Bulbul festival in Azerbaijan's Shusha became message to the world - MP
TAP AG joins other partners to submit White Dragon for IPCEI status
UAE urges Mideast ceasefire, offers condolences to all victims
Vienna Energy Research Group talks Iran's capacity in oil production, int'l oil sales
Iran to invest in Afghanistan's infrastructure projects
Petrochemical revenues to become less volatile, says McKinsey & Co.
Tickets for UEFA EURO 2020 matches in Baku up on sale (PHOTO)
Georgia’s subsistence minimum up
Azerbaijan to have two routes to Turkey within BTK corridor
Europe has right conditions for "safe reopening" of tourism in summer - EU Commissioner
Georgian-Lithuanian co-op facilitates freight transport between China, Europe - Ministry
Jan.-Apr. 2021: Georgian wine export up 15%
Demand for domestic tourism on the rise in Kazakhstan
Some 300 applicants register for Presidential elections in İran
Turkey’s 87 tech zones exports reach $5.8 billion
China's probe lands on Mars
Kazakhstan keen to cooperate with Spain in water resources management
Number of active U.S. drilling rigs increases this week
Cuba reports record number of daily COVID-19 cases
Japanese lawyer implores Tokyo to cancel Olympics, 350,000 sign petition
Romania to ease COVID-19 restrictions from Saturday
U.S. city Columbus agrees to pay 10 mln USD to family of unarmed black man killed by police
3 rockets fired from Syria toward Israel
Indonesia reports 2,633 new COVID-19 cases, 107 new deaths
Turkey reports over 14 400 COVID-19 cases)
New project 'Log in Georgia' to give access to high-speed internet to people in rural areas
Head of Kazakhstan holds meeting with World Bank Vice President for Europe and Central Asia
Lithuanian company launches innovative complex solution in Azerbaijan's financial sector
5.2 mln Ethiopians in restive northern region need food aid - UN
Improved coronavirus conditions lead to further relaxation of restrictions in Cyprus
Israel's annual inflation up 0.8 pct, highest in nearly 2 years
All news