BAKU, April 17 (Xinhua) -- Russian investments in Azerbaijan totaled 10.7 billion U.S. dollars as of April 1, while Azerbaijan invested 1.2 billion dollars in Russia, Azeri Deputy Prime Minister Shahin Mustafayev said Thursday.
Of the total Russian investment, 2.9 billion dollars have been directed to non-oil sectors, with more than 2,100 Russian-capital companies registered in Azerbaijan and over 1,400 actively operating in various industries, Mustafayev said, cited by the country's "Report" news agency, while addressing the 24th meeting of the Azerbaijan-Russia intergovernmental commission on economic cooperation in the city of Zangilan.
Mustafayev urged Russian businesses to expand their participation in Azerbaijan's reconstruction efforts after its territorial dispute with Armenia, highlighting a 10-year package of tax and customs incentives in certain regions. ■