A meeting was held between the representative office of the Azerbaijan Confederation of Entrepreneurs (ASK) in Germany and the German-Eurasian Economic Union (GEEU).

At the meeting, ASK was represented by the agency's representative for Germany, Elnur Huseynov, and the executive director of GEEU Hanno Stöcker.

At the meeting, Elnur Huseynov said that the interest in investing in Azerbaijan is increasing. At the same time, there is a strong economic potential in the country as a result of the economic policy and reforms carried out by the government of Azerbaijan. The created favorable business and investment environment, the recognition of Azerbaijan as a reliable partner in the international world, the fact that it is an important transit center with a favorable position in the region, and the development of human capital increase the attractiveness of our country in terms of investment.

As a result of focusing on improving the investment environment in Azerbaijan, thanks to the application of modern technologies and advanced experience, industrialization has developed rapidly in our country, metallurgy, machine building, chemistry, production of construction materials, food and other traditional industries have expanded, and new industries have been created.

Hanno Stöcker said that the interest of German entrepreneurs in Azerbaijan and their willingness to invest is not small. It has real conditions, ground and corresponding call. In order to evaluate the existing potential, it was agreed to inform German companies and implement various measures in this manner.

Azerbaijani entrepreneurs met with German economic experts

In recent years, cooperation relations between economic organizations of the two countries have been developing. In March of this year, a Memorandum of Understanding is expected to be signed between the The Confederation of the Employers of Azerbaijan (ASK) and the Federal Association of Small and Medium-sized Businesses (BVMW), which includes 900,000 German companies. 

Dr. Elnur Huseynov, head of the representative office of the Confederation of the Employers of Azerbaijan (ASK) in Germany, informed about this. He said that the mentioned document serves as a framework for long-term cooperation in a number of important areas. After signing the document, a joint strategy will be developed and a roadmap for future action will be drawn up. Thus, it is planned to take concrete steps by organizing joint events and visits of delegations.

Dr. Elnur Huseynov also said that an agreement was reached on the visit of a German Businessmen Delegation to Azerbaijan in 2023 together with the Federal Association for Economic Promotion and Foreign Trade.

Interest in the economy of Azerbaijan has increased in Germany.

ASK Germany and the Proto Global GmbH have signed a Memorandum of Understanding.

The document was inked by ASK Head Dr. Elnur Huseynov and Proto Global GmbH representative Corrado Corneo.
The MoU envisages financing of a number of important development projects in the priority areas for Azerbaijan by Proto Global.

Dr. Elnur Huseynov hailed the development of Azerbaijan-Germany economic relations and expansion of ties between the business circles. The head underlined the possibility of investing in the priority areas of the economy, including healthcare, food supplements and pharmaceuticals.

Proto Global GmbH representative Corrado Corneo expressed his confidence that the efforts to strengthen the cooperation between the two countries, as well as discussions held in this regard would contribute to the further development of economic and trade relations.

The sides also exchanged views on prospects of implementing new joint projects.

ASK Germany, Proto Global GmbH sign Memorandum of Understanding

Azerbaijan and Germany have discussed cooperation in healthcare and pharmaceutical sectors.

The discussion took place during the meeting between ASK Germany, Dr. Elnur Huseynov, MADDOX Pharma Swiss German division Business Development Manager Baha Amouri.

During the meeting, Dr. Elnur Huseynov noted the dynamics of relations between the two countries in many sectors, including healthcare.

Baha Amouri stressed that Germany attaches great importance to the strengthening of bilateral relations with Azerbaijan.

Noting that trade and economic ties between the two countries are expanding, the Business Development Manager also expressed German interest in raising the level of cooperation with Azerbaijan in the healthcare and medical science sectors.

In addition, the parties discussed new prospects for the development and strengthening of cooperation in the pharmaceutical sector.

News & Activities

Azerbaijani entrepreneurs met with German economic experts

Interest in the economy of Azerbaijan has increased in Germany.

ASK Germany, Proto Global GmbH sign Memorandum of Understanding

MADDOX Pharma Swiss, ASK ink MoU to finance sustainable healthcare and pharmaceutical sectors in Azerbaijan

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