MOSCOW TIME: 16.07.2019 05:29:45


Azerbaijan invested over $1B in Russiaís economy

Azerbaijan invested over $1B in Russiaís economy

Azerbaijanís total investments in Russia exceed $1 billion, Azerbaijani Economy Minister Shahin Mustafayev said at the opening ceremony of Azerbaijanís business center in Russiaís Astrakhan city.

He said that Russian investments in Azerbaijan’s economy reached $4 billion.

“Russia is one of the main trade partners of Azerbaijan, so it is no accident that Azerbaijan opened the first trade representation in Russia,” Mustafayev said. ďThere is positive trend in the bilateral trade: in 2017, trade turnover between our countries grew 22 percent and reached $2 billion. For the four months of this year, the trade turnover has grown 30 percent.Ē

In turn, the governor of Russiaís Astrakhan region Alexander Zhilkin drew attention to the fact that the Astrakhan business center is being built in Baku.

Joint work of the two facilities will significantly expand trade and economic ties between Russia and Azerbaijan, because businessmen from different regions of the Russian Federation will be able to use business platforms, he said.

The solemn opening ceremony of the first business center of Azerbaijan in Russia built on the initiative of the Heydar Aliyev Foundation took place May 31 in Astrakhan city.

The multi-purpose five-story building includes an exhibition hall, a conference room, offices and a mini-hotel. The total area of ​​the center is 5,000 square meters.

There is an exhibition hall on the first floor of the center, where products of 35 best Azerbaijani companies are showcased. In particular, manufactured goods, building materials and food products - nuts, tea, as well as Azerbaijanís brands - dried persimmon and pomegranate wine are showcased. On the second floor, there are offices of Azerbaijani companies, a conference room for negotiations, as well as hotel rooms and a restaurant on the upper floors.



Azerbaijan Russia investments economy

Share this:

Share this Share this Share this


15.07.2019 Orel Regionís High-Tech Export To Germany

From January to April, 2019 Orel regionís export to Germany increased by 7% compared to the same period of 2018 and amounted to $5.9 mln.

15.07.2019 Pskov Regionís Export To Spain Increased By $1.64 mln

From January to April, 2019 Pskov regionís export to Spain went up by 1.64 mln. compared to the same period of 2018 and amounted to $1.65 mln.

12.07.2019 Russiaís Fuel Element Export To Slovakia Doubled

In 2018 Russia became the worldís largest exporter of fuel elements (cartridges). Its export volume amounted to $981 mln or 44% of worldís fuel element export.



October 1-5, 2019 Moscow (Russia)

17.07.2019 II International Export Forum TIME TO EXPORT

July 17, 2019 Ufa (Russia), Congress Hall ęToratauĽ


18.04.2018 Pskov State University Increases Its International Student Body Thirty...

Higher education can be a profitable export business, provided the system is built correctly and qua...

FEA Education

03.05.2017 Anna Trubetskaya: "Business should be built on Russians"

About the models of business development in another country and professional secrets is told by a practicing expert on work in international markets Anna Trubetskaya

Our partners