Azerbaijan is eyeing significant growth opportunities in trade with Slovakia, according to Deputy Economy Minister Anar Akhundov. With a trade turnover of $31 million in the first 8 months of 2024, Azerbaijan is keen on expanding its product supply to Slovakia and tapping into new logistical avenues.

One key factor driving this potential is Azerbaijan’s strategic location along international transport corridors. The country’s investment in infrastructure, including the Baku-Tbilisi-Kars railway line, is set to further boost trade capabilities.

Moreover, Azerbaijan offers a favorable investment environment with tax incentives, preferential loans, and industrial zone benefits – all aimed at enhancing transparency and efficiency in the business sector. These initiatives are designed to attract investors and foster economic growth.

As Azerbaijan positions itself as a key player in regional trade, the collaboration with Slovakia presents a promising avenue for mutual economic prosperity. With a strong emphasis on innovation and partnership, the two countries are poised to unlock new opportunities for trade and investment.