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Friday, 16 June 2017 12:00

Head of State receives the European Commissioner

President of Azerbaijan Ilham Aliyev has received a delegation chaired by European Commissioner for Enlargement and Neighborhood Policy Johannes Khan.

The sides discussed issues regarding cooperation in the energy and transport sectors, as well as simplification of the visa regime between Azerbaijan and the European Union.

Earlier, Director “Neighbourhood East” in the Directorate-General for Neighbourhood and Enlargement Negotiations (DG NEAR) Laurence Meredith said at the EU-Azerbaijan forum in Baku that the EU plans to invite Azerbaijan to join the new EU4Business program (EU for business) programme, which accumulates all the opportunities provided by the European Union for small and medium-sized businesses.

According to Johannes Khan, the EU countries invested 7 billion euros as direct investments in the economy of Azerbaijan. Of these, 2.5 billion were channelled to the non-oil sector, he specified.

He also mentioned that the EU accounts for 50% of Azerbaijan's trade turnover and 46% of Azerbaijan's foreign investments (20 billion euros)

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Person in charge of the newsline: Fidan Isayeva 

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