Azerbaijan’s Business Center opens in Russia’s Astrakhan

The opening of Azerbaijan’s Business Center, built on the initiative of the Heydar Aliyev Foundation, took place in the Russian city of Astrakhan on May 31.

Vice President of the Heydar Aliyev Foundation Leyla Aliyeva, Azerbaijani President’s Assistant for Public and Political Affairs, Head of Department Ali Hasanov, Governor of Russia’s Astrakhan Region Alexander Zhilkin, Azerbaijan’s Economy Minister Shahin Mustafayev, Executive Director of the Heydar Aliyev Center Anar Alakbarov, Assistant to the First Vice-President of Azerbaijan Yusuf Mammadaliyev, Azerbaijan’s Ambassador to Russia Polad Bulbuloglu, Chairman of Azerbaijan’s State Committee for Work with Diaspora Fuad Muradov, Head of the Executive Power of the Narimanov District of Baku Abdin Farzaliyev, as well as businessmen of the two countries participated in the opening of the business center.

They also got acquainted with the exhibition of goods of Azerbaijani companies produced under the “Made in Azerbaijan” brand.

Azerbaijan’s Business Center is located at the 100 Baku Street in Astrakhan. The agreement on the construction of the business center was signed in the framework of the 7th Azerbaijan-Russia Interregional Forum held in Baku in November 2016. The center’s groundbreaking ceremony was held in December 2016.

Meanwhile, construction of the Astrakhan Business Center is ongoing in Baku. The joint work of the two facilities is aimed to expand trade and economic and transport and logistics relations between Russia's region of Astrakhan and Azerbaijan. Businessmen from other regions of Russia will also be able to make use of the business platforms.

Azerbaijan is one of the main economic partners of Russia among the CIS countries. The trade turnover between two countries amounted to $2.14 billion in 2017. This kind of cooperation plays an important role in the development of Russian-Azerbaijani trade and economic relations and in the increase of the trade turnover.

At present, enterprises of more than 70 regions of Russia cooperate directly with Azerbaijan. Fifteen regions of Russia have relevant agreements with Azerbaijan on trade and economic, scientific, technical and cultural cooperation.