Baku:Marijana Kujundžić, the Ambassador of the European Union (EU) to Azerbaijan, has highlighted ongoing efforts to strengthen economic cooperation between the EU and Azerbaijan, focusing on attracting European investment into Azerbaijan’s renewable energy sector. This announcement was made during her address at the EU-Azerbaijan Business Forum in Baku.
According to Azerbaijan State News Agency, the European Commission is actively working to attract private investment from European companies into Azerbaijan’s strategic economic sectors, particularly renewable energy. The EU Delegation to Azerbaijan is playing a significant role in these efforts, emphasizing the importance of predictable investment conditions and a level playing field for European investors.
Ambassador Kujundžić noted that two rounds of talks have already been conducted in Brussels and Baku, marking the progress of these initiatives. She further stated that energy remains a crucial aspect of EU-Azerbaijan bilateral cooperation, with Azerbaijan serving as a key energy supplier to the EU through the Southern Gas Corridor. Additionally, cooperation in renewable energy, wind power, and the green transition is on the rise, underscoring the ongoing growth in these sectors.