The Russian-Azerbaijani Business Council (RABC) plans to initiate up to five joint projects in 2016, said RABC Chairman Petr Fradkov.
Despite the fact that the council was created in May, there was a preliminary plan of action for the remaining part of 2016, Fradkov noted.
“Currently, the business council includes about 30 companies representing various sectors of economy. Of course, both energy and agriculture can be in Russia and Azerbaijan called the most attractive sectors”, he said.
To date 10 projects, worth over $380 million, have been supported by the Russian Export Center.
“These projects cover the railway and land transportation, radio engineering and electronics, pharmaceutics, metallurgy, food processing and other sectors”, he said.
15 more projects for delivery of cars, railway and land transportation means, products of chemical industry, agricultural sector, metallurgy and other sectors, are under elaboration.
Fradkov also noted that it was planned to create the business council’s website in late 2016.
“Moreover, we plan to take part in the 16th session of the Azerbaijan-Russia intergovernmental commission on economic cooperation”, he added. (Trend/Business World Magazine)