Gref: Azerbaijan has become attractive for investmentPresident of the Republic of Azerbaijan Ilham Aliyev has met CEO of Sberbank of Russia Herman Gref in Davos. Gref said that Azerbaijan has become an attractive country in terms of investment, expressing congratulations on the rapid development of the economy. In his turn, Ilham Aliyev stressed the ongoing economic development processes in Azerbaijan, saying the country is carrying out important reforms in the banking, financial and energy systems, and pursuing successful policy in the field of investment.President Aliyev said Azerbaijan's financial institutions enjoyed fruitful cooperation with Sberbank. The president expressed confidence that this cooperation would continue, Interfax-Azerbaijan reports. Professor Yevgeny Ishchenko of the state economic regulation department at RANEPA told Vestnik Kavkaza that Russia is interested in economic cooperation with Azerbaijan in several directions. "First of all there is a market for our technological innovations, our equipment, structures of complex enterprises. At the same time, we are now sufficiently deeply involved in economic cooperation in connection with the supply of agricultural products after the introduction of food sanctions against the West," he pointed out. "On the one hand, successful delivery of Azerbaijani goods to Russia, on the other hand, Russia wants to develop our supply, including machinery, to Azerbaijan. Now the share of machinery in the structure of exports is less than 5%, it is a very poor indicator, and we want to increase this share, then gradually build it up, and to supply finished machine-technical products. And the Azerbaijani market, which has always wanted to cooperate with us and has received our technology, is close, understandable and acceptable," Ishchenko said.
President of the Republic of Azerbaijan Ilham Aliyev has met CEO of Sberbank of Russia Herman Gref in Davos.
Gref said that Azerbaijan has become an attractive country in terms of investment, expressing congratulations on the rapid development of the economy.
In his turn, Ilham Aliyev stressed the ongoing economic development processes in Azerbaijan, saying the country is carrying out important reforms in the banking, financial and energy systems, and pursuing successful policy in the field of investment.
President Aliyev said Azerbaijan's financial institutions enjoyed fruitful cooperation with Sberbank. The president expressed confidence that this cooperation would continue, Interfax-Azerbaijan reports.
Professor Yevgeny Ishchenko of the state economic regulation department at RANEPA told Vestnik Kavkaza that Russia is interested in economic cooperation with Azerbaijan in several directions.
"First of all there is a market for our technological innovations, our equipment, structures of complex enterprises. At the same time, we are now sufficiently deeply involved in economic cooperation in connection with the supply of agricultural products after the introduction of food sanctions against the West," he pointed out.
"On the one hand, successful delivery of Azerbaijani goods to Russia, on the other hand, Russia wants to develop our supply, including machinery, to Azerbaijan. Now the share of machinery in the structure of exports is less than 5%, it is a very poor indicator, and we want to increase this share, then gradually build it up, and to supply finished machine-technical products. And the Azerbaijani market, which has always wanted to cooperate with us and has received our technology, is close, understandable and acceptable," Ishchenko said.
