Areas for strengthening relations between Azerbaijan and Hungary named

The Minister of Economy of Azerbaijan, Mikayil Jabbarov, and the Minister for Economic Development of Hungary, Márton Nagy, held a meeting, Report informs, citing the Ministry of Economy.

"There are great opportunities for strengthening relations between Azerbaijan and Hungary in the fields of energy, industry, transport, information technology, agriculture, trade, and education, and necessary measures are being taken to realize this potential," said Jabbarov.

The meeting emphasized the important role of the development of Azerbaijan-Hungary relations, the mutual visits of the heads of state and government, and the discussions held within the framework of the official visit of the President of Azerbaijan, Ilham Aliyev, to Hungary in January 2023 in the strengthening of cooperation:

"The mutual interest in expanding the partnership between the two countries indicates that Azerbaijan-Hungary trade turnover is increasing, and beneficial investment cooperation is being implemented."

Márton Nagy spoke about the importance of the projects implemented by Azerbaijan in ensuring the energy security of Europe and shared his views on the expansion of economic and trade relations.

The meeting also discussed issues of mutual interest, including prospects of cooperation in the energy field and opportunities for Hungarian investments in the financial sector.