AZERBAIJANI-FINNISH BUSINESS FORUM OPENED IN BAKU
The Azerbaijani-Finnish business forum started its work on 30 September 2005. The forum was opened by the Presidents of Azerbaijan Ilham Aliyev and Finland, Taria Halonen, Trend reports. The presidents noted the importance of the bilateral ties development, after which each of the Presidents indicated the countriesвЂ™ opportunities in implementation of more close cooperation.
The Minister of Trade and Industry of Finland Mauri Pekkarinen noted, Finland is interested in investing to Azerbaijan.
The Minister of Economic Development Farhad Aliyev stressed, as the visit of the Finnish government delegation, as well as the representatives of the Finnish business circles to Azerbaijan is performed in the framework of the South Caucasus tour, the guests have the opportunity to see with their own eyes that Azerbaijan is the mostly developed country of the region. The Minister noted also, that the volume of the state debt of Azerbaijan is relatively small and constitutes some 15% from the countryвЂ™s GDP, that on the results of the last 8
months (against the same period of 2004 РіРѕРґР°) the 22% -growth of the commodities turnover is noted in the country, which enabled to reach the figure of $5 billion. He also noted, for the moment there are also examples of cooperation with the Finnish companies: Azercell, Nobel, Wartsila Finland Oy and other.
Aliyev also underlined, among $26 billion invested in Azerbaijan, $19 billion of them fall on foreign investments.
Over 100 representatives of the business structure from the both countries, representing such fields of economy, as ship navigation, cooling systems production, banking, pipes manufacturing, chemical industry, healthcare, production of high-capacity stationary generators and other sectors take part in the work of the business forum.