Azerbaijan and Serbia's economic cooperation significantly increased, with investments and trade turnover surging.
Azerbaijan and Serbia have witnessed significant growth in their economic cooperation, with direct investments and trade turnover increasing significantly. Over the past 29 years, Serbia has invested $3.6 million in Azerbaijan's non-oil and gas sector, with trade turnover increasing over fivefold in the first half of 2022, reaching $30.9 million. Azerbaijan has invested $2.8 million in Serbia's economy, and their relationship has reached the level of strategic partnership, encompassing cooperation in areas such as economy, social affairs, transportation, and others.
July 25, 2024
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