TASHKENT, Uzbekistan, August 24. Banking and financial institutions in Uzbekistan and Azerbaijan are expanding cooperation, including through international forums where representatives from the two countries discuss opportunities for developing the financial sector and exchanging expertise, the Product Marketing Manager at Hamkorbank Aziza Normurodova told Trend on the sidelines of the Silk Road Finance & Technology Forum.
According to her, the participation of Azerbaijani representatives in events organized by Uzbekistan’s financial sector creates additional opportunities to discuss pressing issues and establish professional contacts.
“Currently, Uzbekistan is increasingly developing its banking sector, just like other Eurasian countries, such as Azerbaijan. It is very important to meet at such forums and discuss the challenges and opportunities for the development of the financial sector,” Normurodova said.
She noted that cooperation between countries allows representatives of the financial sector to exchange practical experience and discuss future areas of collaboration.
“The financial sector is a key indicator of economic development. Establishing bilateral ties between Eurasian countries is important for understanding where to focus our efforts and how to develop bilateral relations,” she said.
Speaking about cooperation between Uzbekistan and Azerbaijan, Normurodova noted the existence of contacts and agreements between business and financial sector representatives from both countries.
Furthermore, Normurodova highlighted the importance of international events that bring together representatives from Central Asian and Eurasian countries for the development of business ties.
“When countries come together in one place and openly share their experiences, it lays the foundation for new professional and business ties. Ultimately, such contacts contribute to the further development of financial cooperation between countries,” she said.
