BAKU, Azerbaijan, October 1. A business forum
was held in Athens as part of the 6th meeting of the Joint
Commission on Economic, Industrial, and Technological Cooperation
between the Government of the Republic of Azerbaijan and the
Government of the Hellenic Republic.
This was reported by the Ministry of Energy of Azerbaijan.
The forum, organized by the Agency for the Promotion of Exports
and Investments (AZPROMO) and the Hellenic Agency for the Promotion
of Investment and Trade (Enterprise Greece), was attended by more
than 90 companies from both countries.
Speaking at the forum, Energy Minister Perviz Shahbazov noted
that amid the transformation of global economic relations and
supply chains, as well as the growing importance of diversified
energy and transportation links, the new realities that have taken
shape in the South Caucasus under the leadership of Azerbaijani
President Ilham Aliyev open up broad opportunities for regional
cooperation, trade, and investment.
In addition, it was noted that Azerbaijan’s position as a
reliable partner, along with its policies aimed at diversifying the
economy and developing energy and transportation links, as well as
logistics and digital infrastructure, strengthens the country’s
investment appeal.
Meanwhile, it was also emphasized that the non-oil and gas
sector accounts for more than 70% of GDP, and that over the past 20
years, more than $350 billion has been invested in Azerbaijan’s
economy.
It was emphasized that Azerbaijan is interested not
only in attracting capital but also in establishing long-term
investment partnerships that bring new technologies, knowledge, and
expertise, while expanding production and export opportunities.
Energy, transport and logistics, the digital economy, industry and
manufacturing, agriculture, food processing, and tourism were
presented as promising areas of cooperation for Greek businesses.
Opportunities to expand the energy partnership established through
the Southern Gas Corridor by utilizing green energy and new energy
interconnections were also highlighted.
The growing importance of the Middle Corridor in
transport and logistics was emphasized, while it was noted that
aligning Azerbaijan’s strategic position with Greece’s port and
maritime capabilities could expand access to East-West connections
to Mediterranean and European markets. Prospects for cooperation in
the digital economy, artificial intelligence, data centers, digital
infrastructure, industry, and manufacturing were also discussed.
The Alat Free Economic Zone, industrial parks, and modern logistics
infrastructure were presented as favorable opportunities for Greek
companies in terms of establishing production in Azerbaijan and
gaining access to broader regional markets.
Greek business circles were invited to actively make
use of Azerbaijan’s investment opportunities, implement new
projects, and establish long-term partnerships. Confidence was
expressed that the forum would contribute to increasing mutual
investments and enriching Azerbaijani-Greek economic cooperation
with concrete projects.
The forum continued its work by organizing B2B meetings between
companies.
