Baku hosts Azerbaijani-Austrian business forum

On May 16, Baku hosted an Azerbaijani-Austrian business forum as part of the 10th meeting of the Joint Commission on Economic, Agricultural, Industrial, Technical and Technological Cooperation between the Republic of Azerbaijan and the Republic of Austria.

Along with Azerbaijani and Austrian officials, the business forum organized by the Azerbaijan Export & Investment Promotion Foundation – AZPROMO with the support of the Ministries of Economy and Digital Development and Transport of Azerbaijan brought together entrepreneurs working in the fields of energy, transport and logistics, information technologies, healthcare, packaging industry, road infrastructure improvement, consultancy services, construction, mechanical engineering, chemical industry, pharmaceuticals etc.

Minister of Digital Development and Transport Rashad Nabiyev expressed confidence that the business forum would be useful for expanding cooperation between Azerbaijan and Austria, creating new opportunities for mutual investment, and called on entrepreneurs to active cooperation.

Vice-President of the Austrian Federal Economic Chamber Richard Schenz spoke about the development of economic and trade relations between the Azerbaijani and Austrian business circles, and noted the role of effective use of existing opportunities in the development of bilateral relations.

Head of AZPROMO Yusif Abdullayev spoke about the favorable business and investment climate in Azerbaijan, the expansion of exports, the “Made in Azerbaijan” brand and measures taken to promote foreign investment.

Chairman of the Board of Directors of Alat Free Economic Zone Authority Valeh Alasgarov informed the participants about the main objectives and future goals of the economic zone.

During the business forum, presentations were made on the business and investment climate in Azerbaijan and Austria.

The forum continued with bilateral meetings between businessmen.