The Azerbaijan Export and Investment Promotion Foundation (AZPROMO) hosted an Azerbaijan-Czech Republic business forum on Thursday in Baku.

Azerbaijan's Ministry of Economy and Industry supported the event, which was attended by more than 60 businessmen in the industries of finance, environment, forestry, agriculture, energy and construction, the Azeri Press Agency reports.

Niyazi Safarov, the deputy minister of economy and industry for Azerbaijan, said the event resulted in the signing of more than 20 documents. There are currently 13 Czech companies in Azerbaijan. The country is hoping to further its investment and development of trade links with Czech Republic.

Jiri Havlicek, the Czech deputy minister of industry and trade, said he saw great potential in expanding trade links with Azerbaijan.

The event included speeches from Rufat Mammadov, the head of AZPROMO, and Frantisek Masopust, the executive director of the Chamber of Trade and Industry for CIS countries, the Azeri Press Agency reports.