Mutual investment volume between Azerbaijan and Serbia announced

From 1995 through the first quarter of 2024, the volume of direct investments from Serbia to Azerbaijan's non-oil and gas sector amounted to $3.6 million, Azerbaijan's Deputy Minister of Economy Sahib Mammadov said at the 8th session of the Azerbaijan-Serbia Joint Intergovernmental Commission On Trade and Economic Cooperation, Report informs.

According to the deputy minister, the direct investments from Azerbaijan to the Serbian economy amounted to $2.8 million during the same period.

Mammadov noted that during the first half of 2024, the trade turnover between Azerbaijan and Serbia demonstrated a remarkable increase, rising by over five times year-on-year to $30.86 million.