Russia Invests in Azerbaijan Economy

Trade economic relations between Azerbaijan and Russia is developing dynamically Azerbaijani Minister of Economy Shahir Mustafaev stated at the business forum of Azerbaijan and Russia held recently in Baku. According to him a perfect legislative base was created for the further development of both countries.

Until today more than hundred bilateral agreements have been signed between the countries. In 2010, the trade turnover reached USD 2 bln. There is intensive cooperation between Russia and Azerbaijan. For the last three years, 139 enterprises were registered in Azerbaijan created through Russian capital. Azerbaijani entrepreneurs also invest in the Russian economy.