UkraineInvest, Ukraine’s agency for attracting and supporting investment, and Azerbaijan’s Agency for the Promotion of Exports and Investments (AZPROMO) have signed a memorandum of understanding aimed at expanding investment cooperation between the two countries, according to the Ukrainian Embassy in Azerbaijan.
The document was signed in Baku during the 2nd Azerbaijan International Investment Forum by AZPROMO Executive Director Yusif Abdullayev and UkraineInvest Executive Director Marina Khlistun, according to the Ukrainian Embassy in Azerbaijan.
The parties intend to foster direct contacts between businesses in both countries and create conditions for the implementation of joint investment projects.
Ukraine, in particular, is interested in attracting Azerbaijani capital to the country’s reconstruction projects. Potential areas of cooperation include infrastructure, energy, transportation and logistics, the agricultural sector, industry, and technology.
Yuriy Gusev, Ukraine’s ambassador to Azerbaijan, praised the efforts of the leadership and teams at AZPROMO and UkraineInvest in translating the two countries’ strategic partnership into concrete joint investment projects.
AZPROMO also confirmed the signing of the memorandum. According to the Azerbaijani agency, the document between AZPROMO and UkraineInvest was part of a package of 11 agreements signed during the international investment forum.
In total, the agreements concluded during the forum cover construction and development, the digital economy, renewable energy, industry, agriculture, pharmaceuticals, finance, water management, sports, and investment promotion.
The II Azerbaijan International Investment Forum took place in Baku on September 25–26, 2026, under the patronage of Azerbaijani President Ilham Aliyev. The event was organized by the Ministry of Economy of Azerbaijan and AZPROMO in strategic partnership with The European House – Ambrosetti.
UkraineInvest is the state agency responsible for attracting and supporting investment. The organization assists foreign and Ukrainian investors, provides consulting, analytical, and informational support, and participates in promoting Ukraine’s investment projects in international markets.
