“There are great opportunities for creating joint ventures between the countries,” the deputy minister added.
Mammadov noted that 26 companies with Czech capital operate in Azerbaijan. Companies from the Czech Republic invested $33.5 million in Azerbaijan’s economy, while Azerbaijani investments in the Czech Republic amounted to $50 million.
“Czech companies took part in the implementation of projects worth a total of $2.8 billion in Azerbaijan,” he said.
The volume of trade between the countries exceeded $1 billion in 2018, which is 57 percent more than in 2017, he added.