Czech companies to offer new projects to Azerbaijan

By Azernews

By Amina Nazarli

Czech companies are going to offer Azerbaijani businessmen new projects in the field of construction and pharmaceuticals, as well as financial sector.

The Czech side will present the projects during the next meeting of the Azerbaijani-Czech Intergovernmental Commission and joint business forum scheduled for January 17-18 in Baku.

Prospects of cooperation in the above-mentioned areas, as well as the strengthening of trade and economic relations in general will be discussed during the meeting, said Farid Shafiyev, Azerbaijani Ambassador to Prague.

The governmental delegation of the Czech Republic will be accompanied by representatives of major Czech companies operating in the fields of agriculture and food industry, finance, insurance, energy, logistics, construction, law, chemistry, engineering, glass manufacturing, and other sectors of the economy.

The delegation that will include representatives of several ministries and state departments will be headed by Czech Minister of Industry and Trade Jan Mládek, who will also meet with the Azerbaijani high-ranking officials in Baku.

The trade turnover between Azerbaijan and the Czech Republic amounted to $312.02 million in January-November 2016, and $214.17 million of which accounted for the export of Azerbaijani goods to the Czech Republic, according to the Azerbaijani State Customs Committee. 

The Czech Republic ranks 12th in the list of main importers of Azerbaijani goods. The share of the Czech Republic in the total export from Azerbaijan totaled 2.58 percent in January-November 2016.