14 Russian companies apply for operation in liberated Azerbaijani territories

14 Russian companies apply for operation in liberated Azerbaijani territories Fourteen Russian companies have applied for operation in the liberated Azerbaijani territories
Business
February 21, 2022 11:28
14 Russian companies apply for operation in liberated Azerbaijani territories

Fourteen Russian companies have applied for operation in the liberated Azerbaijani territories, Deputy Economy Minister Niyazi Safarov said at the Azerbaijan & Udmurtia business forum in Baku, Report informs.

Safarov noted that the Russian market is traditionally important for Azerbaijan.

From 1995 to 2021, Russia invested $5 billion in the oil sector and $1.3 billion in the non-oil sector of Azerbaijan.

In 2021, the trade turnover between the two countries amounted to $3 billion. In 2021, exports surged by 30%, and imports grew by 6%.

In general, more than 1,000 Russian companies are represented in the Azerbaijani market.

Latest news

Orphus sistemi