Azerbaijan, Kazakhstan Review Investment Cooperation In Catering Sector
Date
8/25/2023 7:41:10 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, August 25. Azerbaijan and
Kazakhstan have discussed the expansion of investment cooperation
in the field of catering, trend reports.
According to the Azerbaijan Republic Export and Investment
Promotion Agency (AZPROMO), a meeting was held with the newly
appointed ambassador of Kazakhstan, Extraordinary and
Plenipotentiary Ambassador to Azerbaijan Alim Bayel.
Yusif Abdullayev, the head of AZPROMO, gave a presentation on
the organization's activities and export Promotion strategies,
including logistics subsidization. It was mentioned that the
organization is constructing "Eximbank" (export-import) instruments
in Azerbaijan.
It was also stressed that the agency's future plans call for the
opening of AZPROMO representative offices overseas in order to
increase international cooperation.
Alim Bayel acknowledged the fast growing trade and economic ties
between Kazakhstan and Azerbaijan and praised the potential for a
rise in non-oil exports from Azerbaijan to Kazakhstan.
In addition, an investment project in the catering sector
presented by the ambassador was discussed at the meeting.
Previously, the revenue in the Azerbaijani public catering
industry climbed by 22 percent to 1 billion manat ($588 million)
from January through July 2023.
Non-oil exports from Azerbaijan climbed by 0.5 percent in July
2023 and by 17 percent (up to $2 billion) during January through
July 2023 year over year.
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