Azernews.Az

By Aynur Jafarova

The Russian delegation headed by Prime Minister of Ingushetia Musa Chiliyev who was on a visit to Azerbaijan got familiar with the work of Sumgayit technopark and several facilities of the country, the Azerbaijani Economic Development Ministry reported on July 9.

The delegation visited the plant for processing municipal solid waste, Green Tech modern greenhouse complex, Gilan Textile and Sumgayit Technology Park.

The Russian guests were informed about the manufacturing and refining processes based on advanced and modern technologies as well as technological and ecological advantages of products of the enterprises.

Organizational work on creating the 30 hectare area IT high technology park, located in Sumgayit, an industrial city some 30 km north of the capital Baku, is underway in the country. Participants of the high-tech parks will be tax- and customs duty-free for seven years.

Prior to visiting these enterprises, Baku hosted the Azerbaijan-Russia business forum organized by the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) with support of Azerbaijan's Economic Development Ministry. The business forum was attended by government officials as well as representatives of companies active in the fields of industry, agriculture, ICT, finance, banking, energy and consulting.

Furthermore, the Russian delegation was received by Azerbaijan's Economic Development Minister Shahin Mustafayev.

Mustafayev informed the guests about major progress achieved by Azerbaijan in socio-economic and other sectors in the last decade.

He went on to say that Azerbaijani - Russian relations are at the level of strategic partnership. According to him, Azerbaijan attaches great importance to the expansion of relations with Russia. The political relations between the two countries are at a high level, he said.

Furthermore, Mustafayev said that today Russia is one of the major trade partners of Azerbaijan and currently Azerbaijan successfully cooperates with 71 regions of Russia in various fields.

Chiliyev, in turn, said Azerbaijan and Russia have great potential for further development of economic ties. He expressed his satisfaction with the expansion of cooperation with the regions of Russia, including Ingushetia. He invited the Azerbaijani entrepreneurs to active cooperation.