...

Croatia, Azerbaijan talking over new projects in energy, IT – minister (Exclusive)

Oil&Gas Materials 9 July 2021 10:02 (UTC +04:00)
Croatia, Azerbaijan talking over new projects in energy, IT – minister (Exclusive)

BAKU, Azerbaijan, July 9

By Leman Zeynalova - Trend:

Negotiations are underway between Croatia and Azerbaijan on new projects in several sectors (IT, demining machines, and energy), Minister of Foreign and European Affairs of the Republic of Croatia Gordan Grlić Radman said in an exclusive interview with Trend.

In the event of an agreement being reached, it will partially alleviate the large trade imbalance, said the minister: “We are glad to say that the COVID-19 pandemic and the closure of borders did not have a negative impact on trade in goods between Croatia and Azerbaijan, because in 2020 both Croatian exports to Azerbaijan and Croatian imports from Azerbaijan increased.

According to the Croatian Bureau of Statistics, Croatian exports to Azerbaijan grew by 5 percent (from 1.37 to 1.44 million EUR or from 1.63 to 1.71 million USD) and Croatian imports from Azerbaijan by 10 percent (from 339.78 to 440.57 EUR or from around 476 to 524 millions USD), meaning that the total exchange grew by about 10 percent.”

Radman pointed out that Croatia is among the top 5 importers of Azerbaijani goods in the world and no. 3 among EU member states.

“Although exports of goods from Croatia to Azerbaijan have been modest, except in 2012 when Croatia exported two ferries to Azerbaijan, there was an increase with figures in services provided by Croatian IT companies to Azerbaijani customers in 2020. This is the result of the presence of Croatian IT companies in Azerbaijan and their participation in annual Bakutel exhibitions for almost a decade.

The most common Croatian exported goods to Azerbaijan were cosmetics. It is important to point out that Croatia can offer Azerbaijan a number of products, especially those of high technology from the pharmaceutical industry. Negotiations are underway on new projects in several sectors (IT, demining machines, and energy). In the event of an agreement being reached, it will partially alleviate the large trade imbalance,” said the Croatian minister.

---

Follow the author on Twitter: @Lyaman_Zeyn

Tags:
Latest

Latest