The Azerbaijani-Lithuanian business forum was held at the Heydar
Aliyev Center in Baku on May 18, Azernews reports.
In remarks at the forum, Economy Minister Mikayil Jabbarov
filled the participants in on the economic cooperation between
Azerbaijan and Lithuania and underscored that the participation of
the presidents in the business forum is a vivid indicator of the
highest level of support and importance for the development of
He noted that the partnership between the two countries is based
on mutual respect and friendship, adding that the events and
discussions will give impetus to further strengthening and
expanding the relations. Jabbarov also mentioned that the Eastern
Partnership initiative and the Intergovernmental Commission on
bilateral cooperation between Azerbaijan and Lithuanian are
effective platforms for expanding relations and implementing
projects in various spheres.
The business forum was held with the participation of officials
from both countries, as well as businessmen from ICT, food
industry, agriculture, construction, education, medicine, and other
Moreover, the economy minister briefed about the favorable
business and investment environment in Azerbaijan. The priorities
of socio-economic development of Azerbaijan until 2030 create
conditions for the development of partnership with Lithuania, the
minister added. In this context, he noted that there are great
prospects for cooperation in the expansion of the green economy and
the reconstruction of the liberated territories.
Mikayil Jabbarov added that according to the EU Business
Environment Report 2021, 80 percent of EU companies represented in
the country re-select Azerbaijan for economic activity, and 53
percent stressed the intention to expand business in Azerbaijan.
The minister invited Lithuanian businessmen to actively use the
business environment available in Azerbaijan.
Lithuanian Deputy Economy Minister Jovita Neliupsiene noted that
her country attaches great importance to the partnership with
Azerbaijan and shared her opinion on the potential for the
development of economic relations. The deputy economy minister
expressed confidence that bilateral cooperation in the sphere of
the green economy would be mutually beneficial.
The reports on business and investment climate were also made by
Azerbaijan's Export and Investment Promotion Foundation Head Yusif
Abdullayev and Adviser to the President of Lithuania Vaidas
The presidents of the two countries made speeches at the
business forum and then a ceremony to sign Azerbaijani-Lithuanian
documents was held.
Azerbaijan's Digital Development and Transport Minister Rashad
Nabiyev and Lithuania's Transport and Communications Deputy
Minister Julius Skackauskas signed the intergovernmental agreement
on international road transport.
Azerbaijan's Chamber of Commerce and Industry President Niyaz
Alizada and Lithuania's Chamber of Commerce, Industry and Crafts
Director-General Giedre Razinskiene signed a cooperation
Azerbaijan's Agency for Small and Medium Business Development
Board Chairman Orkhan Mammadov and Lithuania's Chamber of Commerce,
Industry and Crafts Director-General Giedre Razinskiene signed the
memorandum of understanding (MoU).
Azerbaijan's Export and Investment Promotion Foundation Head
Yusif Abdullayev and Lithuania's Innovation Agency Director-General
Agne Vaitkuniene also signed an MoU.
Moreover, Yusif Abdullayev and Lithuanian Confederation of
Industrialists Vice-President Romas Austinskas signed an MoU.
To recap, Azerbaijan's National Confederation of Entrepreneurs
Organizations President Mammad Musayev and Lithuanian Confederation
of Industrialists Vice-President Romas Austinskas signed an
The business forum continued with bilateral meetings between
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