(MENAFN- AzerNews)
By Ayya Lmahamad
Azerbaijan and Russia's Ryazan Region have agreed to exchange
information about mutual investments and export opportunities,
Azernews reports.
An agreement was reached during a meeting between
representatives of Azerbaijan's Investment and Export Promotion
Agency (AZPROMO) and a delegation from Russia's Ryazan Region,
headed by Regional Deputy Prime Minister Artem Nikitin.
During the meeting, AZPROMO Head Yusif Abdullayev provided
information about the agency's activities, its main objectives, the
favorable business and investment environment created in the
country, as well as the joint activities conducted to expand ties
between entrepreneurs.
In his turn, Artem Nikitin spoke about the business
opportunities of the Ryazan Region and emphasized the importance of
cooperation development.
Earlier, a mobile showroom of Russia's Ryazan Region products
and services opened in Azerbaijan's Baku. The showroom was opened
as part of the business mission of Ryazan Region to Azerbaijan and
showcases more than 500 products from 57 enterprises of the
region.
Azerbaijan and Russia cooperate in different sectors, such as
economy, agriculture, customs, communications, high technology, and
others. Over 230 intergovernmental and intercompany documents have
been signed between the two countries and six 'road maps' are being
implemented.
Azerbaijan's investments in the Russian economy have exceeded
$1.2 billion, with the majority of the investments being in the
non-oil sector. In addition, Russian investments in Azerbaijan's
economy totaled $6.3 billion with $5 billion in the oil sector and
$1.3 billion in the non-oil sectors.
The trade turnover between Azerbaijan and Russia amounted to
$2.9 billion in 2021, making Russia Azerbaijan's third-largest
partner.
--
Ayya Lmahamad is AzerNews' staff journalist, follow her on
Twitter: @AyyaLmahamad
Follow us on Twitter
@AzerNewsAz
MENAFN20092022000195011045ID1104892440
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.