(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 8. Bulgaria ranks amongAzerbaijan's top 10 export markets, with trade turnover increasingsignificantly compared to 2023, Deputy Economy Minister SahibMammadov told a roundtable of Azerbaijani and Bulgarian companies,Trend reports.
He highlighted that in the first quarter of 2024 alone,bilateral trade surged nearly fourfold to $153 million, withAzerbaijan's exports to Bulgaria increasing by over fourfold to$146 million.
“Beyond commerce and investment, 65 documents have shaped ourpartnership. Recent projects like the 2.1 million-euro twinningprogram demonstrate our multilateral engagement inside EUframeworks. These efforts demonstrate our commitment tocollaboration across disciplines,” Mammadov said.
He extended an invitation to Bulgarian companies to undertakeprojects in Azerbaijan's economic zones and the country's liberatedterritories.
The Azerbaijan Export and Investment Promotion Agency (AZPROMO),with the Ministry of Economy's support, organized theAzerbaijani-Bulgarian business forum, which kicked off in Baku.
Deputy Executive Director at AZPROMO Zohrab Gadirov and Chairmanof the Bulgaria-Azerbaijan Chamber of Commerce and Industry DimitarBratanov also attended the event.
Moreover, the forum hosts officials and approximately 120businessmen representing various sectors, including industry,transportation, logistics, agriculture, ICT, oil and gas,construction, engineering, furniture, insurance, consulting, andtrade.
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