Baku, Azerbaijan, Sept. 27
By Azad Hasanli - Trend:
Relations between Azerbaijan and Russia in the fields of energy and industry are developing successfully, Azerbaijan’s Deputy Economy Minister Niyazi Safarov said.
He was speaking Sept. 27 at a round table meeting “Industry and Energy: Prospects of Bilateral Cooperation”, held as part of the 9th Azerbaijan-Russia Interregional forum in Baku.
“Industry and energy are important components that make up our countries’ economic relations,” Safarov said. “I would like to note that the relations in the sphere of industry and in the energy sphere are developing successfully. There are very good examples of bilateral cooperation.”
The deputy minister stressed that the Azerbaijani economy is developing very intensively and it has grown more than threefold over the past 15 years. The non-oil sector grew 2.8 times and the non-oil industry increased 2.2 times, he noted.
“Investment relations between Azerbaijan and Russia are developing intensively,” Safarov said. “Azerbaijan has invested more than $1 billion in Russia’s economy, and Russia has invested more than $4 billion in Azerbaijan’s economy.”
The 9th Azerbaijan-Russia Interregional forum started its work in Baku Sept. 27.
The event is aimed at developing trade, economic and humanitarian ties between the regions of the two countries and will become a platform for joint work of Russia and Azerbaijan, including the relevant ministers, extraordinary and plenipotentiary ambassadors of both countries, the business community and experts.
---
Follow the author on Twitter: @AzadHasanli