Azernews.Az

Czech Destila company opened a brewery outside Baku on Wednesday that will produce beer of the best known Czech brand, the Czech embassy in Azerbaijan said.
The capacity of the Baki-Praga Brewery, located in the Novkhani settlement, will be 1.5 million liters per year. Czech technologies, recipes and raw materials will be used to produce high-quality Pils beer. The Czech company Pali Ltd. will supply beer-bottling equipment. The amount of investments is not disclosed.
"Azerbaijan is one of our most promising trade partners," Czech Ambassador to Azerbaijan Radek Matula said at the opening ceremony. "We have all of the basic prerequisites to further develop our cooperation, which already has a long and established tradition."
Matula added that an intergovernmental agreement will soon be signed on protecting and promoting mutual investments.
"Thus, the legal framework of our bilateral relations will be underpinned by a document that is important for doing business," Matula said.
He said Czech and Azerbaijani companies are interested in bilateral trade.
Matula also noted that Czech banks were ready to consider a scheme of financing cooperation projects and provision of loans to Azerbaijani customers for the purchase of Czech goods and equipment.*