A joint economic forum was held at the Grand Hotel Europe in Baku on Wednesday and attended by representatives of the Azerbaijan Ministry of Economic Development and the Austrian delegation

A joint economic forum was held at the Grand Hotel Europe in Baku on Wednesday and attended by representatives of the Azerbaijan Ministry of Economic Development and the Austrian delegation led by Federal Economics Chamber Director for CIS countries Guido Stock. Addressing the event, head of the Ministry administration Samir Valiyev said that an intergovernmental commission has been set up to strengthen cooperation between the two countries. Besides, Austria and Azerbaijan have signed agreements on eliminating double taxation and on mutual protection of investments. Stock, in turn, said that Austrian business people are interested in applying new technologies, mainly in the Azerbaijani industry. He also underlined that Austrian companies intend to get involved in the country’ energy, transport, health and water supply sectors.