Energy, construction and more: Czech Republic’s big plans regarding Azerbaijan
Baku, Azerbaijan, March 3
By Azad Hasanli - Trend:
The Czech Republic is interested in importing Azerbaijani oil, Minister of Industry and Trade of the Czech Republic Jan Mladek told reporters in Baku on March 3.
"One third of the oil delivered to the Czech Republic is produced in Azerbaijan, while the remaining part accounts for Russia," said the minister.
"Import of Azerbaijani oil is very important for us, since we don't want to be dependent on one source and one supply route," Mladek added.
Moreover, the minister said that the Czech Republic is ready to further develop and finance the joint projects with Azerbaijan. In particular, the Czech companies are ready to take part in the construction of metro stations in Baku, according to Mladek.
While many countries are undergoing unstable economic situation, Azerbaijan remains a stable country and offers good opportunities for business development, said the Czech minister.
He added that in general, there are great prospects for the development of Azerbaijani-Czech relations in various spheres.
"Together with me, representatives of 40 Czech companies have arrived in Baku," said Mladek. "These companies are interested in developing the cooperation in many fields, for instance in the spheres of energy and agriculture."
The Czech Republic doesn't export agricultural products, however, it supplies equipment for agriculture and food industry to other countries, according to the minister.
Moreover, some Czech companies would like to deliver coaches, locomotives to Azerbaijan and take part in the road construction in this country, according to Mladek.
The bilateral trade turnover between Azerbaijan and the Czech Republic reached 1.5 billion euros as of 2014, or 23 percent more than in 2013.
The Czech Republic mainly imports Azerbaijani oil, while Azerbaijan imports industrial equipment and consumer goods from this country.
Edited by SI
Follow the author on Twitter: @AzadHasanli