OREANDA-NEWS. On January 23, 2008 Estonia-Azerbaijan Business Forum was held in Talinn, Estonia. The event was organized by the Ministry of Economic Development of Azerbaijan and Azerbaijan Export and Investment Promotion Foundation (AZPROMO).

President of Estonian Chamber of Commerce Mr. Siim Raie and Minister of Economic Affairs and Communications Mr. Juhan Parts provided participants of the event with all the information concerning the economy of Estonia.

Minister of Economic Development of Azerbaijan Mr. Heydar Babayev made speech on “Economic Cooperation Between Azerbaijan and Estonia” topic. President of Azerbaijan Export and Investment Promotion Foundation (AZPROMO) Mr. Emil Majidov made presentation about perspective of Estonian investment in Azerbaijan.
Azerbaijan delegation included 7 representatives of agriculture, banking, finance and other sectors.
Around 40 Estonian companies took part in the event.

Bilateral meetings between companies of Azerbaijan and Egypt were held after the official part of the event
As a result Cooperation Agreement in construction chemistry sector between “Ineks” LTD (Azerbaijan) and “Krimelte” (Estonia) and Memorandum of Understanding on establishment of Azerbaijan Investment Fund between Azerbaijan Investment Company (Azerbaijan), “Gild Bankers” (Estonia) and “Estonian Caspian Group” (Estonia) were signed.