Azerbaijan-Finland Business Forum takes place in Baku

Azerbaijan-Finland Business Forum takes place in Baku
# 08 October 2008 09:50 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Azerbaijan Export and Investment Promotion Foundation (AzPromo) and Finland’s promotion organization Finpro have jointly organized a business forum in Baku, bringing together representatives from the businesses and governments of the two countries.
At the outset, Azerbaijan’s Minister of Economic Development Heydar Babayev, briefed the participants about his country’s economic growth, regulatory reforms, introduction of a single window for business registration, recent progress in Doing Business 2009 Annual Report published by IFC and the World Bank.
He added that Azerbaijan will continue to conduct reforms and strengthen legal framework and competitiveness to welcome new foreign companies in 2009.
“We are also going to deliberate on Azerbaijan’s future investments in Finland,” he added.
In his turn, Finland’s Minister for Foreign Trade and Development Paavo Väyrynen, underscored the existence of enormous potential for business relations between the two countries.
“I hope that Azerbaijan will soon enter the World Trade Organization and this will ensure closer cooperation between our countries,” he added.
He said Finland intends to find business partners in Azerbaijan and to take advantage of business opportunities in the country.
Speaking of his country’s economic growth, he noted that Finland saw a 3.5% growth in GDP.
“Finland depends on imported energy and we are interested in purchasing this product. I hope that this forum will be successful and result in a number of agreements between companies of the two countries,” he said.
Emil Majidov, President of AzPromo, gave a presentation of investment opportunities and business environment in Azerbaijan.
The forum was joined by 20 Finnish and 60 Azerbaijani companies engaged in construction, banking, agriculture, education, IT and other fields of the economy.
On the sidelines of the forum, Finnish and Azeri businessmen will have bilateral meetings.

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