Azerbaijan invited to partake in privatization processes in Serbia

Azerbaijan, Baku, November 8 / Trend N. Ismailova / The Azerbaijani side has been invited to partake in privatization processes in Serbia, the Ministry of Economic Development of Azerbaijan reported on Monday. The invitation was made at the sidelines of the first meeting of the Azerbaijani-Serbian Commission for Trade and Economic and Scientific and Technical Cooperation, which was held in Belgrade on November 3. In its turn, the Serbian side expressed its eagerness to take part in projects in the field of production of fertilizers, and export of plants and seeds under implementation in Azerbaijan. Serbian Foreign Minister and Cochairman of the Commission Vuk Yeremich says Serbia is eager to expand bilateral cooperation with Azerbaijan. He entertained a hope that relations between the two countries will continue to develop in an ascending manner. As noted at the meeting, spheres of mutual interest are infrastructure, energy, transport, agriculture, food industry, chemical industry and pharmaceutics, information technologies, road infrastructure, and construction. Serbian companies were offered bidding in tenders conducted by state-run leasing company Aqrolizinq. As has been agreed, the sides will explore opportunities of cooperation between the Azerbaijani Investment Company and Serbia's Farmacom over accumulators reprocessing in Azerbaijan. Opportunities of cooperation in the spheres of sports, tourism, culture, healthcare, and education were also examined at the meeting. As noted at the meeting, cooperation between the Azerbaijani Export and Investments Promotion Foundation (AZPROMO) and the Serbian Investments and Export Promotion Agency (SIEPA) is expedient. A Protocol was signed following the results of the meeting. The document was signed by Shahin Mustafayev, Commission Cochairman and Minister of Economic Development, on behalf of Azerbaijan, and Foreign Minister Vuk Yeremich, on behalf of Serbia. In his speech at Balkan-Azerbaijani business forum in Belgrade on November 4, Mustafayev reported that in first 9 months of 2011, trade turnover between Azerbaijan and Serbia grew by 18.3 percent, export from Azerbaijan to Serbia tripled, and Azerbaijan's import from Serbia increased by 18 percent. Besides, the Minister pointed out to the existence of great potential of increase of trade turnover between the two countries. Do you have any feedback? Contact our journalist at agency@trend.az