Azernews.Az

By Ayya Lmahamad

Azerbaijan and Poland have signed various memorandums of understanding (MoUs) on cooperation, Azernews reports.

The Memorandums of understanding were signed between Azerbaijan’s Export and Investment Promotion Agency (AZPROMO) and Polish Investment and Trade Agency (PAIH), as well as between Baku Steel Company and Polish companies Konstal, Zystal Marcin Zyska, Touye Group, and Warstal.

The documents were signed during the Azerbaijani-Polish business forum, organized by AZPROMO and PAIH, in Baku on October 20. Entrepreneurs from both countries working in the industry, construction, finance, food industry, etc. took part in the event along with officials.

Speaking at the forum, AZPROMO Head Yusif Abdullayev spoke about the agency’s activities, and the work the agency does to expand relations with foreign partners and to increase investment in the non-oil sector.

For his part, PAIH board member Zdislav Sokal spoke about the organization’s activities, the investment environment in Poland, and the prospects for expanding cooperation between the two countries in various areas of the economy. He also invited business people to active cooperation.

Moreover, Azerbaijani Ambassador Nargiz Gurbanova, Polish Ambassador Rafal Poborski, Trade Representative of Azerbaijan to Central European countries Nemat Naghdaliyev, and Polish Economic Development and Technology Ministry representative Matsiej Falkowski noted that cooperation between the two countries develops in various areas.

They also stressed the importance of expanding economic relations and noted that the business meetings would enhance economic cooperation.

Additionally, Alat FEZ Board Chairman Valeh Alasgarov made a presentation on the investment opportunities created in the Alat Free Economic Zone.

Polish port of Gdansk representative Michael Stupa and Bank Gospodarstwa Krajowego representative Feliks Kobierski made a presentation on the activities of the institutions that they represent.

The event continued in the format of bilateral meetings between entrepreneurs.

Diplomatic relations between the two countries were established on February 21, 1992. The embassy of Azerbaijan in Poland was opened on August 30, 2004, while the embassy of Poland in Azerbaijan on August 23, 2001. Azerbaijan and Poland are actively cooperating in various political, economic, and cultural spheres.

The trade turnover between the two countries amounted to $111 million in 2021.

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Ayya Lmahamad is AzerNews’ staff journalist, follow her on Twitter: @AyyaLmahamad

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