UK to increase investment in Azerbaijan

Great Britain plans to increase investment in Azerbaijan and bring it to a higher level in the next 30 years, Lord Offord, Minister for Exports of Great Britain, said at the sixth session of the Joint Intergovernmental Commission between the government of the Republic of Azerbaijan and the government of the United Kingdom of Great Britain and Northern Ireland on economic cooperation in Baku today, Report informs.

According to him, the UK was the biggest investor in the history of Azerbaijan's independence. It invested $83 billion in the country's economy.

The British minister also said that they want to expand relations with Azerbaijan in the field of technology and cyber security: "Our technology companies participated in the astronautics and innovation summits held in Baku this year. In February, we plan to hold a cyber security summit in Baku and gather all startups and technology companies there."