Russia and Azerbaijan discuss prospects for business development co-op

Russia and Azerbaijan discuss prospects for business development co-op

The Azerbaijani Small and Medium Business Development Agency (SMBDA) continues to hold meetings with local and foreign businessmen in order to expand ties and implement new business initiatives, the agency told Trend.

According to the SMBDA, its board chairman Orkhan Mammadov met with the general director of the Russian Federal Corporation for the Development of Small and Medium-Sized Enterprises, Alexander Isayevich.

The parties discussed the prospects for cooperation between Azerbaijan and Russia for the development of the small and medium business sector and the possibility of creating joint events.

According to the State Customs Committee of Azerbaijan, from January through March 2022, trade with Russia exceeded $613.3 million, thus increasing by 7.89% compared to the same period of last year ($585.2 million).

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