An Azerbaijan-Hungary business forum was organized in Budapest, the capital of Hungary, within the framework of the XI meeting of the Joint Commission on Economic Cooperation between the Government of the Republic of Azerbaijan and the Government of the Republic of Hungary, with the participation of representatives of the public and private sectors, APA-Economics reports.
Co-chairs of the Joint Commission - Minister of Finance of the Republic of Azerbaijan, Sahil Babayev, and Minister of Foreign Affairs and Trade of Hungary, Peter Szijjarto, delivered speeches at the business forum.
Minister Sahil Babayev emphasized that governments determine the framework of agreements for cooperation, while the business community and investors turn these agreements into concrete projects. According to him, the business forum plays an important platform role in terms of building partnerships, promoting innovations, and accessing new markets.
Stressing that Azerbaijan is a stable and reliable partner based on the principles of diversification, sustainability, and openness, Sahil Babayev invited Hungarian companies to invest in Azerbaijan, and at the same time drew attention to the fact that Azerbaijani companies are also looking forward to new development opportunities in Hungary and the European Union.
Within the framework of the forum, a Memorandum of Understanding was signed between the Azerbaijani company "Hieronica Limited" and the Hungarian Export Promotion Agency (HEPA).
Meetings were held between businessmen at the business forum, and discussions were held on future cooperation.
A total of more than 90 companies, including 30 from Azerbaijan, participated in the business forum.
