The organization of the Romania - Azerbaijan Joint Intergovernmental Committee represents a good opportunity to increase the trade balance between the two states and to offer companies the opportunity to conclude new partnerships and to identify new investment opportunities, considers the Minister of Economy, Florin Spataru.
According to a release sent to AGERPRES, the Minister of Economy received the visit of the Azerbaijan Ambassador to Romania, Huseyn Najafov, and the General Director of SOCAR Petroleum SA, Hamza Karimov.
The discussions focused on the perspectives of developing the economic relations between Romania and Azerbaijan in areas of mutual interest, with emphasis on investments between the two states.
The Ambassador of Azerbaijan, Huseyn Najafov, thanked the Minister of Economy for the openness to the dialogue and stressed that he wants to deepen the relations between the two states, mainly in the field of constructions, where Romanian investors could be interested, as well as in projects for the development of energy infrastructure. At the same time, the diplomat requested the organization in the first half of 2022 of a Joint Intergovernmental Committee, in order to establish new directions of collaboration and partnerships between Romanian and Azerbaijani companies.
"The organization of the Romania - Azerbaijan Joint Intergovernmental Committee represents a good opportunity to increase the trade balance between the two states and to offer companies the opportunity to conclude new partnerships and to identify new investment opportunities. The objectives of the Ministry of Economy are reindustrialization through microelectronics and through the efficient capitalization of natural resources. My desideratum is to increase Romania's economic competitiveness, through national products with added value, which can then be sold on other markets, such as Azerbaijan and the countries in the Caspian Sea area," said Florin Spataru, according to said press release.
At the same time, the minister sent a signal to support the bilateral relations and business initiatives between the business environments of the two countries, stating that at the level of the Ministry of Economy it is expected to start a broad process of reindustrialization of Romania. He stressed that, in this way, he would increase his presence on the Azerbaijani market and in the countries of the Caspian Sea area.
Currently, the most important Azerbaijani investment in Romania is that of SOCAR (State Oil Company of Azerbaijan Republic), worth 64 million euros, with a contribution to the state budget of approximately 114 million euros.
In this context, the general manager of the company, Hamza Karimov, expressed his intention that in the future SOCAR will extend its presence on the Romanian market.AGERPRES(RO - author: Nicoleta Banciulea, editor: Andreea Marinescu; EN - author: Maria Voican, editor: Simona Iacob)