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GOOD TURNOVER BETWEEN AZERBAIJAN AND NORTHERN CYPRUS MAY BE INCREASED UP TO $100M

Business Materials 31 August 2005 15:25 (UTC +04:00)

The good turnover between Azerbaijan and Northern Cyprus is expected to be increased up to $100 million, Ahmad Erentok, the chairman of the Board of the Union of Azerbaijani-Turkish Entrepreneurs (UATE), told Trend.

According to Erentok, the good turnover between two countries is in very low level.

“We intend to render assistance to the development of the economic relations between Azerbaijan and Northern Cyprus. The Cyprian entrepreneurs are interested in production of oranges, olives, and nuts in Azerbaijan. Besides, negotiations continue within the visit of the Cyprian entrepreneurs and officials to Azerbaijan,” he noted.

Erentok stressed that the UATE was interested in establishment of joint enterprises.

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