Azerbaijan and Serbia signed a Roadmap to advance bilateral trade, investment, and energy projects on October 23, during the 9th meeting of the Intergovernmental Commission on Trade and Economic Cooperation in Belgrade. Azerbaijani Finance Ministers Sahil Babayev and Samir Sharifov, and Serbian Minister Nikola Selakovic emphasized regional connectivity, the Alat Free Economic Zone, Middle Corridor transport links, natural gas exports, SOCAR investments, and participation in EXPO 2027.
Orkhan Mammadov, the Chairman of the Small and Medium Business Development Agency (KOBIA) of Azerbaijan, and Nikola Jankovic, the Director of the Serbian Development Agency, signed a roadmap to implement activities under the Memorandum of Understanding.
As Sahil Babayev noted, nine Serbian companies currently operate in Azerbaijan, and Azerbaijani construction firms take part in major highway projects in Serbia.
In his turn, Nikola Selakovic, the Minister of Culture of Serbia, expects the first meeting of the Strategic Partnership Council between Azerbaijan and Serbia to have taken place by the end of 2025. He reminded about bilateral ties of strategic character that the 2013 Declaration of Strategic Partnership formalized, the 2018 Joint Action Plan, and the 2022 Memorandum of Understanding establishing the Council. Azerbaijan also got an invitation to the EXPO 2027 Belgrade (May – August 2027).
Then, Azerbaijan’s Finance Minister Samir Sharifov and Serbia’s Minister of Culture Nikola Selakovic had a one-on-one meeting focused on cooperation across multiple sectors, including energy, transport, agriculture, healthcare, and education. According to Samir Sharifov, the personal friendship of Presidents Ilham Aliyev and Aleksandar Vucic reinforces the strategic partnership between the two nations. He also mentioned the supply of Azerbaijani natural gas to Serbia that started in January 2024, (around 300 million cubic meters to date), and the State Oil Fund’s $72.7 million investment in Serbia. Also, SOCAR, EPS, and Srbijagas collaborate on a 500 MW combined cycle power plant in Niš. They also discussed transport and green energy cooperation and the peace process between Armenia and Azerbaijan. From his side, Selakovic appreciated Serbia’s support in international forums and its non-recognition of Kosovo’s independence.
Before participating in the Azerbaijan-Serbia Business Forum, public and private sector representatives attended a press conference. According to Sharifov, the results of the session defined future cooperation in alignment with the spirit of friendship and partnership between the two countries. He appreciated Azerbaijan’s transparent and diversified economic policy and the investment potential of the Alat Free Economic Zone and the Middle Corridor project. Sharifov said he was confident that the Azerbaijan-Serbia friendship and partnership would continue to strengthen.
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