BAKU, Azerbaijan, April 14. Prospects for the
development of economic relations were discussed between Azerbaijan
and Latvia, the Azerbaijani Minister of Economy Mikayil Jabbarov
wrote on his X page, Trend reports.
"During the meeting with Armands Krauze, Minister of Agriculture
of Latvia and Co-Chairman of the Azerbaijan–Latvia
Intergovernmental Commission, we underscored the prospects for
economic relations between our countries.
We also explored opportunities to expand joint activities in
trade, energy, investment, transport, and agriculture," he
noted.
According to the Central Bank of Azerbaijan, in 2025, the volume
of Latvian direct investments in Azerbaijan amounted to $6.9
million, reflecting a decrease of $17.5 million, or 3.5 times,
compared to 2024. In the reporting year, Latvia's investments
accounted for 0.1% in the total volume of foreign direct
investments in Azerbaijan.
