Twinning projects are the most successful among those, realization of which have been allocated with these funds, he said.
Twinning projects bring together public sector expertise from EU Member States and beneficiary countries with the aim of achieving concrete mandatory operational results through peer to peer activities.
“Currently, 24 such projects have successfully been implemented in Azerbaijan; nine projects are in progress and 10 projects are in preparation stage,” he added.
Relations between the EU and Azerbaijan cover a wide range, Babayev noted.
“The EU is one of the main trade partners of Azerbaijan. Almost the half of the Azerbaijan’s trade turnover accounts for the EU countries,” he said.
“At the same time, over 45 percent of investments, which were invested in Azerbaijan’s economy over 10 years, also accounts for the EU countries,” Babayev added.
The EU and Azerbaijan successfully cooperate in many fields, including energy sphere, said Babayev.
EU
27 January 2016
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The EU allocated about 563 million euros to Azerbaijan from 1992 until today, Sahil Babayev, Azerbaijani deputy minister of Economy said Jan. 27 at the event dedicated to the implementation of the project to improve the country
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