President Aliyev: Level of Azerbaijan-Russia ties increasing year by year [

President of Azerbaijan Ilham Aliyev has received a delegation led by Minister of Industry and Trade of the Russian Federation Denis Manturov.

The head of state noted that the visit of the delegation led by Russian Minister of Industry and Trade Denis Manturov to Azerbaijan contributes to the expansion of bilateral relations between the two countries even further. President Ilham Aliyev said that the level of Azerbaijan-Russia ties is increasing year by year, highlighting the active bilateral cooperation in all areas. The head of state hailed the development of cooperation on various fronts, including in the field of industry. President Ilham Aliyev stressed growth in the trade turnover between the two countries in recent years and underlined that good results have already been achieved in this area. The head of state pointed out that Russian companies operate actively in Azerbaijan, adding that these companies are implementing various projects both as investors and contractors. President Ilham Aliyev praised joint projects in the field of mechanical engineering, and emphasized the significance of Russian banks financing large industrial enterprises in Azerbaijan.

Thanking for the warm words, Minister Denis Manturov extended President of the Russian Federation Vladimir Putin`s greetings to President Ilham Aliyev.

He noted that the operation of joint companies with Russia in Azerbaijan and the implementation of joint projects creates a solid foundation for expanding economic cooperation. Denis Manturov underlined that as defined by the heads of state during the visit of the President of the Republic of Azerbaijan to Russia last September, active work is underway to develop specific areas of economic cooperation and discussions continue on new areas, including prospects of digitalization. Denis Manturov emphasized the importance of cybersecurity in developing economic cooperation. Touching upon the significance of the Azerbaijan-Russia Industrial Cooperation Forum, the Russian minister pointed out that more than 60 companies are participating in the Forum. He expressed hope that business discussions with Azerbaijani companies will be held at the event.

They discussed prospects of cooperation in the petroleum engineering, joint production of agricultural machinery and freight carriages, establishment of a service center for helicopters, pharmaceutical manufacturing and other spheres.

The head of state thanked for President of the Russian Federation Vladimir Putin`s greetings and asked the minister to extend his greetings to the Russian President.