Azerbaijan and Croatia discuss expansion of investment cooperation

Azerbaijan’s Minister of Economy, Mikayil Jabbarov, held a series of meetings during his visit to Croatia to discuss expanding joint investments.

According to Report, citing the Ministry of Economy, Jabbarov was received by Croatian Prime Minister Andrej Plenković.

During the meeting, both sides emphasized that, thanks to the political will of the leaders of Azerbaijan and Croatia, bilateral relations continue to strengthen. Since the signing of the Zagreb Declaration in 2013, the two countries have been reinforcing their strategic partnership. Discussions with Prime Minister Plenković focused on key priorities of Azerbaijan-Croatia economic cooperation, increasing trade turnover and mutual investments, energy collaboration, and opportunities for strengthening business ties.

As part of the visit, the Croatia-Azerbaijan Economic and Investment Forum was held in Zagreb.

At the event, Croatian Minister of Economy Ante Šušnjar highlighted Croatia’s commitment to strengthening trade and economic relations with Azerbaijan. He also noted that Azerbaijan’s energy export projects to European markets enhance the country’s role as a reliable energy supplier, adding that Croatian companies have expressed interest in participating in economic projects in Azerbaijan.

Minister Mikayil Jabbarov emphasized the growth of economic relations between the two nations, highlighting Croatia as one of Azerbaijan’s key trading partners. He noted improvements in investment ties and the establishment of effective partnerships between state and private companies. There is significant potential for expanding cooperation in textiles, transport and logistics, food industry, pharmaceuticals, construction, agriculture, green energy, tourism, and other sectors. He also informed attendees about Azerbaijan’s economic priorities, favorable business environment, and investment opportunities, inviting Croatian investors to engage in active collaboration.

Vice President of the Croatian Chamber of Economy Igor Pokaz and AZPROMO Executive Director Yusif Abdullayev provided insights into strengthening business partnerships and diversifying joint investments.

The event also featured presentations on the business and investment climate in both Croatia and Azerbaijan.

As part of the forum, panel discussions were held on "Energy Security and Investment Diversification: Cooperation between Croatia and Azerbaijan" and "Building Strategic Investment Cooperation: Industrial and Trade Partnerships."

The event concluded with B2B meetings.