Baku and Prague discuss cooperation possibilities on smart city projects
By Ayya Lmahamad
Azerbaijan and the Czech Republic discussed the possibilities of cooperation on smart city and smart village projects, reports Azernews.
The discussion took place during a meeting between Azerbaijani Deputy Economy Minister Sahib Mammadov and Czech Ambassador Milan Sedlacek.
Underlining the potential for strengthening trade and economic partnership, the Deputy Minister noted that the Azerbaijani-Czech joint commission is a useful platform in this regard.
He said there are vast opportunities to expand cooperation between the two countries in the areas of investment, trade, industry, innovation, transport and transit, and tourism.
In addition, Sahib Mammadov gave a presentation on the favorable business and investment environment created in Azerbaijan, and on the reconstruction works carried out in the liberated territories of the country. He also called on Czech companies to actively cooperate with their Azerbaijani counterparts.
In turn, the Ambassador noted the fruitful cooperation between Azerbaijan and the Czech Republic and shared his views on the directions of expansion of relations.
The meeting discussed the development of trade and economic cooperation and partnership in investment projects.
Diplomatic relations between the two countries were established on January 29, 1993. Azerbaijan and the Czech Republic cooperate in different areas of economy. About 30 companies with Czech capital operating in Azerbaijan. The Czech Republic invested $37.2 million in Azerbaijan, while Azerbaijan’s investment in the Czech Republic amounted to $48.2 million between 1995 and 2021.
Trade turnover between Azerbaijan and the Czech Republic amounted to $307.4 million in 2021.
Ayya Lmahamad is the journalist of AzerNews, follow her on Twitter: @AyyaLmahamad
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