(MENAFN- AzerNews)
By Ayya Lmahamad
Azerbaijan and the Czech Republic have discussed possibilities
of cooperation on the smart city and smart village projects,
Azernews reports.
The discussion took place during a meeting between Azerbaijan's
Deputy Economy Minister Sahib Mammadov and Czech Ambassador Milan
Sedlacek.
Stressing the potential for strengthening trade and economic
partnership, the deputy minister noted that the joint
Azerbaijani-Czech commission is a useful platform in this
regard.
He stated that there are wide opportunities for expanding
cooperation between the two countries in the areas of investment,
trade, industry, innovation, transport and transit, and
tourism.
Moreover, Sahib Mammadov briefed on the favorable business and
investment environment created in Azerbaijan, and on the
reconstruction work carried out in the country's liberated
territories. He also invited Czech companies to actively cooperate
with their Azerbaijani counterparts.
In his turn, the ambassador noted the fruitful cooperation
between Azerbaijan and the Czech Republic and shared his views on
the directions of expanding relations.
The meeting discussed the development of trade and economic
cooperation and partnership in investment projects.
Diplomatic relations between the two countries were established
on January 29, 1993. Azerbaijan and the Czech Republic cooperate in
different spheres of the economy. Around 30 companies with the
Czech capital operating in Azerbaijan. The Czech Republic had
invested $37.2 million in Azerbaijan, while Azerbaijan's investment
in the Czech Republic amounted to $48.2 million during the period
from 1995 to 2021.
The trade turnover between Azerbaijan and the Czech Republic
amounted to $307.4 million in 2021.
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Ayya Lmahamad is AzerNews' staff journalist, follow her on
Twitter: @AyyaLmahamad
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