They hailed successful development of relations between the Republic of Azerbaijan and the Russian Federation in political, economic, humanitarian and other areas.
President Ilham Aliyev and Dmitry Kozak also discussed prospects for cooperation between the two countries.
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President of the Republic of Azerbaijan Ilham Aliyev received President and Chairman of VTB Bank Management Board Andrey Kostin June 25.
The global importance of Formula 1 was hailed at the meeting, and they emphasized the excellent organization of the race in Baku.
Long-term fruitful cooperation between VTB Bank and Azerbaijan was praised.
President Ilham Aliyev and Andrey Kostin also discussed cooperation between the two countries in the banking sector.
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President of the Republic of Azerbaijan Ilham Aliyev has received Executive Chairman of the Formula One Group Chase Carey.
The head of state hailed the fact that Formula 1 races are held in Azerbaijan, saying the country`s tourism industry grew 25 per cent after previous events.
President Ilham Aliyev said holding Formula 1 race at Baku city circuit created a good opportunity for promoting the capital of Azerbaijan. The President pointed out huge global audience of the race.
Chairman and Chief Executive of Formula One Chase Carey said he was happy to visit Baku, adding that he was deeply impressed. He described the Azerbaijani capital as a very beautiful city, adding that it was pleasure to have a walk in the city and enjoy its stunning views.
Chase Carey hailed conditions for holding Formula 1 race in Baku.
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