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Mustafayev also expressed satisfaction with the current bilateral relations in the economic sphere.

The minister stated that the adaptation of the Azerbaijani economy to the new economic conditions is under completion, adding that the Azerbaijani government expects the economic recovery and its sustainable growth.

Russia has recently invested over billion in the Azerbaijani economy, while Azerbaijan has invested more than

Mustafayev also expressed satisfaction with the current bilateral relations in the economic sphere.The minister stated that the adaptation of the Azerbaijani economy to the new economic conditions is under completion, adding that the Azerbaijani government expects the economic recovery and its sustainable growth.Russia has recently invested over $3 billion in the Azerbaijani economy, while Azerbaijan has invested more than $1 billion in the Russian economy.There are 650 joint companies operating in the Azerbaijani market, such as Lukoil Overseas, Avto VAZ, Kamaz and VTB.The forum, organized by the Economy Ministry of Azerbaijan and the Economic Development Ministry of Russia, was attended by a delegation including 120 people, led by Economy Minister Shahin Mustafayev.“An increase in trade turnover in export and import of goods between Azerbaijan and Russia has been observed for the first time since 2015,” Oreshkin said.Azerbaijani Ambassador Polad Bulbuloglu, addressing the forum, stressed that the Azerbaijani and Russian presidents are paying big attention to development of relations between the two countries’ regions.

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Mustafayev also expressed satisfaction with the current bilateral relations in the economic sphere.

The minister stated that the adaptation of the Azerbaijani economy to the new economic conditions is under completion, adding that the Azerbaijani government expects the economic recovery and its sustainable growth.

Russia has recently invested over $3 billion in the Azerbaijani economy, while Azerbaijan has invested more than $1 billion in the Russian economy.

There are 650 joint companies operating in the Azerbaijani market, such as Lukoil Overseas, Avto VAZ, Kamaz and VTB.

billion in the Russian economy.

There are 650 joint companies operating in the Azerbaijani market, such as Lukoil Overseas, Avto VAZ, Kamaz and VTB.

He went on to say that Azerbaijan may start supply of mineral water from the Stavropol Krai of Russia.

“This year, we celebrate the 25th anniversary of the establishment of diplomatic relations between Azerbaijan and Russia,” he stressed.

“During this period, our relations have steadily developed.

“Azerbaijan is our long-term and reliable business partner,” Vladimirov said.

“The total turnover [between Azerbaijan and Stavropol region] is a little over 0 million a year but I am sure that is not the limit." Further he touched upon tourism adding that more than 100,000 Azerbaijanis rest in the Caucasian Mineral Waters, which is 6 percent of the total tourist flow.

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