Azernews.Az

Azerbaijan and Kyrgyzstan discussed the implementation of joint investment projects during the meeting of the two countries' prime ministers, the press service of the government of Kyrgyzstan said.

Artur Rasizade arrived to Kyrgyzstan to attend the second Summit of the Cooperation Council of Turkic Speaking States (CCTS), held in Bishkek on Thursday.

Kyrgyzstan's Prime Minister Omurbek Babanov welcomed the intensification of bilateral cooperation and noted that the official visit of the President of Kyrgyzstan Almazbek Atambayev to Azerbaijan this year raised bilateral relations to a new stage of development.

Babanov noted that large investment projects were submitted to the Azerbaijani side for consideration.

He proposed to Azerbaijan that it invests in the reconstruction of the airport to the village of Tamchy in the Issyk-Kul region of the country, as well as Azerbaijani banks could open branches in Kyrgyzstan.

The implementation of projects for the construction of joint Kyrgyz-Azerbaijan-Kazakhstan oil pipeline, a refinery in Kyrgyzystan and the creation of the Kyrgyz-Azerbaijani investment fund were also discussed during the meeting.

Rasizade also expressed Azerbaijan's interest in studying the reconstruction project of Tamchy airport. He noted the willingness of Azerbaijani side to invest in mutually beneficial projects and added that Baku is ready to allocate funds for a feasibility study of specific investment projects.

Rasizade said there should be a stable situation in Kyrgyzstan to attract investment.