Presidents Ilham Aliyev of Azerbaijan and Valdis Zatlers of Latvia gave a joint press conference.
President Zatlers expressed confidence the economic and cultural relations between Azerbaijan and Latvia would further strengthen.
"We have very positive bilateral relations, and although the last few years marked economic downturn for the world countries, the economic cooperation between Azerbaijan and Latvia saw a 10%-growth."
The Latvian leader said business forums were an important step towards expanding the bilateral economic cooperation.
President Zatlers said a joint Azerbaijan-Latvia business council would be established, noting the bilateral relations were important for expanding the ties with the European Union.
President Aliyev stressed the importance of the documents signed between the two countries, in particular a joint Declaration he inked with his Latvian counterpart. The Azerbaijani leader said there were great prospects for developing the two countries` economic and cultural cooperation.
President Aliyev said Azerbaijan and Latvia were friendly countries.
He touched upon a joint business forum to take place in Riga, saying it would be of great importance.
"Over 50 Azerbaijani businessmen will attend the forum," President Aliyev added.
On energy cooperation, the Azerbaijani leader noted his country enjoyed high-level collaboration with the European Union.
"We are ready to contribute to the European Union`s energy security."
The Azerbaijani leader also highlighted the talks to solve the Nagorno-Karabakh problem.
President Aliyev emphasized the conflict "must be settled only on the basis of international legal norms and Azerbaijan`s territorial integrity".
The President also touched upon the European Union`s Eastern Partnership Program, saying his country had big hopes with respect to its implementation.
The presidents` remarks were followed by a question-and-answer session with journalists.

AzerTAc