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Poland aims to draw Azerbaijani investors to aviation, automotive industries

28 November 2012 11:53 (UTC+04:00)
Poland aims to draw Azerbaijani investors to aviation, automotive industries

Aircraft and automotive industries are on advanced level in Poland, and the government is interested in attracting foreign, including Azerbaijani, investors for cooperation in these areas, head of the PALilZ investment agency Iwona Chojnowska-Haponik said at a meeting with Azerbaijani journalists.

Among other promising areas of possible activities for Azerbaijani companies she mentioned electronics manufacturing, the agricultural sector, the food industry, heavy chemicals, coal power and the scope of alternative energy.

Today, the two countries are actively developing cooperation in many areas, but the level of cooperation does not fully cover the potential, she said. According to her, Azerbaijani business at the moment is represented in Poland at negligible level, although there are favorable conditions for doing business.

The PAlilZ representative noted that a regular meeting of the intergovernmental commission on economic cooperation, which was held on Tuesday in Warsaw, identified all promising areas of future cooperation.

According to her, Poland can also be a reliable partner of Azerbaijan in another promising area for the country - the diversification of energy resources delivery.

According to the State Statistics Committee of Azerbaijan, the trade turnover between the two countries for the first ten months of this year amounted to almost $37 million, of which the share of exports was $2.38 million and imports - $34.55 million.

Polish Information and Foreign Investment Agency, PAIiIZ, seeks to increase the inflow of foreign direct investments in Poland, attracting overseas investors to place their capital in the country. It assists in the interpretation of the rules and legal procedures at various stages of the investment process.

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