Azerbaijan is helping strengthen the Czech Republic’s energy security, Economy Minister Mikayil Jabbarov said on 27 April at the Azerbaijan-Czechia Business Forum, where officials and business leaders discussed expanding economic ties between the two countries. The forum was supported by Azerbaijan’s Economy Ministry and the Czech Ministry of Industry and Trade, and jointly organised by AZPROMO and the Confederation of Industry of the Czech Republic. It brought together government representatives and companies from sectors including energy, construction, finance, transport, ICT, and services.
Speaking at the event, Jabbarov said relations between Azerbaijan and the Czech Republic continue to grow on the basis of mutual trust and shared priorities. Referring to the Czech Republic as one of Azerbaijan’s main trade and export partners, highlighting recent successful initiatives such as the joint intergovernmental commission on economic, scientific, technical and cultural cooperation and other projects focused on broadening trade beyond traditional sectors and increasing cooperation in industry, investment, transport, logistics and energy, including renewable energy. Jabbarov also emphasized Azerbaijan’s wider economic potential, pointing to the country’s business climate, investment platforms and opportunities in different regions in Azerbaijan.
Speaking at the event, Karel Havlíček, First Deputy Prime Minister and Minister of Industry and Trade of the Czech Republic, said there was strong potential to deepen economic cooperation and stressed the value of business forums and similar events in building partnerships.
Several cooperation agreements were also exchanged during the forum. These included memorandums between AZPROMO and Czech companies, as well as deals involving Škoda Transportation, WITKOWITZ and Azerbaijani firms. According to organisers, the agreements focus on supporting entrepreneurship, expanding business links and promoting cooperation in industry, infrastructure and transport.
Business-to-business and business-to-government meetings were also held on the sidelines of the event, as both countries seek to diversify trade and deepen long-term economic cooperation.
Source: commonspace.eu with Report.az
