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Lithuania, Azerbaijan can find better possibilities for further economic co-op - vice-minister

Business Materials 11 June 2021 10:36 (UTC +04:00)

BAKU, Azerbaijan, June 11

By Leman Zeynalova - Trend:

Lithuania and Azerbaijan can find better possibilities for further economic cooperation, Vice-Minister of Foreign Affairs of the Republic of Lithuania Egidijus Meilūnas told Trend.

“Lithuania has a well-developed food industry – this sector produces a big share of added value in the economy. We can offer Azerbaijan a huge variety of food products, for which the main export market is the EU – the market that requires the highest quality of food products. Industrial engineering companies from Lithuania perform outsourcing activities as well. The most developed subsectors in industrial engineering are the mechanical engineering, metal processing, automotive, computer, electronic and optical products, and electrical equipment industries. Lithuania is well-known worldwide for its optical and laser industry. I believe that Azerbaijani companies can also offer high quality products in these areas, so we can no doubt find better possibilities for further economic cooperation,” said the vice-minister.

Meilūnas noted that the 4th place given to Lithuania in the Global Fintech Index 2020 means that we have a huge potential to be a center of financial technologies.

“Lithuania has significant advantages in the ICT sector - good information and communication infrastructure, one of the fastest Internet in the world, multilingual qualified specialists. We are among the strongest in Europe in the field of cyber security. Last year, the Lithuanian company Nord Security won the German and Baltic Business Awards 2020 as the best company offering cyber security solutions in the Baltic States.

Furthermore, for decades Azerbaijani tourists have been welcome to both enjoy the Lithuanian nature and to benefit from high quality, innovative healthcare and rehabilitation services. The flows of tourists had been disrupted by pandemic restrictions. But once Schengen borders are reopened, we will be looking forward to further promote incoming tourism to Lithuania, which will, hopefully, exceed the pre-pandemic numbers,” he added.

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Follow the author on Twitter: @Lyaman_Zeyn

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