ECONOMY


Azerbaijan, Russia to set up joint pharmaceutical business

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Baku, June 20, AZERTAC

Azerbaijan's Vita-A investment company and Russia's R-farm company have signed a Memorandum of Understanding (MoU) to establish a joint pharmaceutical venture. The memorandum was signed as part of the Azerbaijan-Russia business forum in Baku.

The forum also saw the signing of MoUs on cooperation between Azerbaijan Export and Investment Promotion Foundation (AZPROMO) and Delovaya Rossiya All-Russian Public Organization, and on the promotion of investment projects in the fields of industry and agriculture both in the territory of Moscow region (Victoria Industrial Park) and in the territory of the Republic of Azerbaijan between AZPROMO and Victoria Estate Management Company LLC and on cooperation between AZPROMO and Bank VTB (Azerbaijan).

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