28.01.2008 Azerbaijan & Estonia Sign MOU to Establish Joint Venture Fund

28. jaanuar 2008

Azerbaijan, Baku, 28 January / TrendCapital corr A. Badalova / The Azerbaijani Investment Company, GILD Bank and Estonian Caspian Group signed a MOU to determine the key commercial principals and to establish a joint venture fund, the Azerbaijani Economic Development Ministry reported on 28 January.

The parties also agreed to cooperate in the construction of the fund’s structure, as well as to include capital into the different economic fields.

Last week, an Estonian-Azerbaijani business forum took place in Tallinn. The Azerbaijani delegation headed by the Economic Development Minister included representatives of 10 companies, including AZPROMO and the Azerbaijani Investment Company.

During the forum, the Azerbaijani Ineks company and Estonian Krimelte signed an agreement on cooperation.