As part of the visit of a delegation headed by the Acting Governor of Russia's Stavropol Territory, Vladimir Vladimirov, an Azerbaijani-Russian business forum will be held in Baku, a message posted on the website of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) stated on March 27, reports Trend.
The business forum will be organized by AZPROMO with the support of the Azerbaijani Ministry of Economy and Industry.
Representatives of companies representing Russia's Stavropol Territory and those operating in the agro-industrial complex, food industry, in the spheres of construction, energy, chemistry, education and others will participate at the event.
Over the past 10 years the volume of Azerbaijani investments in the Russian economy amounted to around $1 billion. The volume of these investments amounted to $200 million in 2013. About 570 Russian companies operate in the country, Azerbaijani Minister of Economy and Industry, Shahin Mustafayev said earlier. Over $628 million was invested in fixed capital.
The foreign trade turnover between Azerbaijan and Russia amounted to $2.58 billion in 2013, which is 10.47 percent more than in 2012, according to the Azerbaijani State Customs Committee. Exports to Russia amounted to $1.078 billion, while the import of goods from Russia to Azerbaijan amounted to $1.505 billion during the reporting period.
