BAKU, Azerbaijan, April 27. Azerbaijan and the
Czech Republic signed new memos on industrial and investment
cooperation at a joint business forum, Trend reports, citing the Ministry of
Economy.
The memoranda encompass a series of cooperative agreements
involving the Azerbaijan Export and Investment Promotion Agency
(AZPROMO). These include memoranda of cooperation with the
companies “Frýdlantské Strojírny – TR s.r.o.,” the Association of
Women Entrepreneurs of Bohemia and Moravia, and the Association for
the Development of Women’s Entrepreneurship in Azerbaijan.
Additionally, memoranda of understanding were signed between
AZPROMO and the Czech Confederation of Industry, between the
Sumgayit Technopark and Škoda Transportation, as well as between
BCC Group CJSC (Azerbaijan) and the companies WITKOWITZ, A.S., and
RADIS D.O.O.
Meanwhile, it was noted that the signed documents cover support
for entrepreneurship, expansion of business activity, and promotion
of cooperation in areas such as industry, infrastructure, and
transport. It is emphasized that the exchange of memorandums will
contribute to strengthening and diversifying the economic
partnership between Azerbaijan and the Czech Republic.
Speaking at the business forum, Minister of Economy Mikayil
Jabbarov emphasized that economic relations between Azerbaijan and
the Czech Republic are developing based on mutual trust and shared
priorities. It was noted that the Joint Commission on Economic,
Scientific, Technical, and Cultural Cooperation with the Czech
Republic plays an effective institutional role in strengthening the
partnership. The Czech Republic is one of Azerbaijan’s key trade
and export partners.
Azerbaijan makes a significant contribution to ensuring the
Czech Republic’s energy security. At the same time, trade
diversification is one of the key priorities of the economic
partnership. The broad prospects for joint activities with the
Czech Republic in the fields of industry, trade, investment,
energy, including green energy, transport and logistics services,
and other areas were noted. The country’s economic potential,
favorable business environment, and investment platforms supporting
trade, manufacturing, and logistics were highlighted, as well as
the opportunities created for investors in the Karabakh and Eastern
Zangezur economic zones.
Karel Havlíček, First Deputy Prime Minister and Minister of
Industry and Trade of the Czech Republic, noted the wide range of
opportunities for strengthening the economic partnership between
Azerbaijan and the Czech Republic, emphasized the importance of the
business forum and similar events for the development of
cooperation, and shared his views on areas for further
collaboration.
Yusif Abdullayev, Executive Director of AZPROMO, delivered a
presentation on Azerbaijan’s investment potential and economic
opportunities.
Jan Rafaj, president of the Confederation of Czech Industry,
emphasized the importance of strengthening ties between the
business communities and discussed mechanisms for cooperation and
new opportunities for partnership.
