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4.-7.10. 2022

International Engineering Fair

Chamber of Commerce seminar on business opportunities in Azerbaijan


The Chamber of Commerce of the Czech Republic and its partners organized a special seminar focused on export and business opportunities in Azerbaijan at the International Engineering Trade Fair today. The seminar was opened by the chamber President Vladimír Dlouhý, who among other things stated that the Czech-Azerbaijani relations did not start from scratch and recalled last year's business missions with the names of several Czech companies who are operating in Azerbaijan significantly. In the words of the of the Chamber's president, the business potential is greater than the numbers are showing, the total trade turnover with Azerbaijan in 2013 amounted to 1.16 billion. EUR.

The Minister of Industry and Trade Jan Mládek also called the Azerbaijani market a promising one, while Czech firms have traditionally had a good reputation in Azerbaijan. He also spoke about the fact that the CzechTrade agency opened their office in the capital of Baku in April this year and there is a regular airline connection between the two countries. In terms of future trade development, he spoke about the intention to connect Baku to Istanbul by rail through Georgia.

The new Azerbaijani Ambassador Farid Shafiyev who has been acting in the administration of the embassy in the Czech Republic for two months now, also spoke about the diversification of Azerbaijan's economy and about regional cooperation, based on direct contacts. This is also one of the reasons why the ambassador will head to Olomouc from Brno.

The seminar was also attended by the CEO of EGAP Jan Procházka and CEB CEO Karel Bureš. Export funding in a given territory was a topic of one of the panels, which was preceded by speeches by experts on business opportunities for Czech companies and the legal aspects of business.

Azerbaijan is the largest trading partner of the Czech Republic in the Southern Caucasus region. Despite the increase in Czech exports, the balance remains negative, primarily due to oil imports which represent up to 25 percent of annual consumption of the Czech Republic. The Czech Republic also imports cotton and dry fruits. On the other hand, we mostly export cars, building components, machinery and equipment, glass, especially glass and chandeliers, cleaning and washing detergents, pharmaceuticals and cosmetics to Azerbaijan. Czech exports reached 3.3 billion Crowns (128.3 miles. EUR) in 2013, which is 20% more than in 2012.

Date: 1 Oct 2014 08:00:00

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