Russia has so far invested $4.9 billion in the Azerbaijani economy, said, Shahin Mustafayev, Deputy Prime Minister of Azerbaijan, co-chair of the Azerbaijan-Russia Intergovernmental Commission on Economic Cooperation.

He made the remarks at the 18th meeting of the intergovernmental commission in Baku Monday.

Mustafayev said that Azerbaijan’s direct investments in Russia has amounted to $1.2 billion up to now.

The trade turnover between the two countries is growing year by year, the deputy minister said, adding that as many as 950 companies with Russian capital are currently operating in Azerbaijan.