President Grabar-Kitarović to Lead Business Delegation to Azerbaijan

Total Croatia News

Some of the companies are already present in Azerbaijan and would like to expand cooperation, while others are just getting to know the market.

At the end of this week, Croatian President Kolinda Grabar-Kitarović and the Croatian Chamber of Economy will lead a delegation of 38 companies to the Republic of Azerbaijan. The goal is, as in previous similar visits, to get to know the market, form business links, agree on joint projects and strengthen cooperation, reports Večernji List on October 19, 2016.

Among companies which will visit Azerbaijan are Podravka, DIV Group, DOK ING, Končar EI, Galeb, and Ingra. The programme of the visit includes speeches by presidents of the two countries, as well as a presentation on business conditions in Azerbaijan. On Monday, representatives of Croatian companies will have meetings at relevant ministries and institutions, while on Tuesday a joint business forum will take place.

“Podravka is already present in the market of Azerbaijan, although with just a small range of products. We know that the potential of that market is much greater. We have products which are adapted to the market. We welcome this initiative and hope that it will bring us new business deals”, announced Podravka.

“DOK ING has good cooperation with Azerbaijan. We are already present there, but we will go in order to expand our cooperation and possibly launch new initiatives”, said Vjekoslav Majetić, the owner of DOK ING.

Some of the potentially promising sectors for future cooperation are electrical, metallurgy and machine-building industries, agriculture and agricultural machinery, research and production of oil and gas, chemical industry, food processing, shipbuilding, energy, infrastructure projects, and tourism.

The biggest potential of Azerbaijan is in oil, natural gas and agriculture. In the trade with the rest of the world, the country is in a permanent surplus. The total trade exchange between Croatia and Azerbaijan in the first six months of this year amounted to 84 million dollars, which was 58.4 percent less than last year. The exports to that country amounted to only 473,000 dollars, and the imports stood at 83.5 million dollars.


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