Bank Of Baku

Azerbaijan and Estonia discuss expansion of economic cooperation and participation in Karabakh projects

Azerbaijan and Estonia discuss expansion of economic cooperation and participation in Karabakh projects
# 23 October 2025 11:50 (UTC +04:00)

Minister of Economy Mikayil Jabbarov met with Estonia’s Minister of Foreign Affairs Margus Tsahkna, the Ministry told APA-Economics.

It was noted at the meeting that economic and trade cooperation with Estonia is expanding. Trade turnover between the countries has more than doubled in the January-September period of this year. Cooperation in investments is also one of the important directions in economic relations with this country. About 65 Estonian companies are registered in Azerbaijan in the fields of industry, transport, construction, trade, and services. Opportunities to strengthen joint activities in bilateral cooperation in energy, including alternative energy, transport, ICT, pharmaceuticals, and other areas, were noted.

The parties evaluated opportunities for the development of business, trade, and investment relations, the participation of Estonian companies in projects implemented in our liberated territories, and the opportunities for exchange of experience and knowledge in the application of digital solutions in the private sector.

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