Baku, Azerbaijan, Jan. 26
By Maksim Tsurkov - Trend:
Hungarian Export-Import Bank (Eximbank) is ready to help with the financing of the project of establishing a regional DATA-center in Azerbaijan, Ambassador Extraordinary and Plenipotentiary of Hungary to Azerbaijan Imre Laslotsky told Trend.
He said that the economic relations between Hungary and Azerbaijan are at a very good level.
"Trade turnover between the two countries in 2015 rose by five percent," said Laslotsky. "I hope that it will continue to grow further. Regarding investment, the Hungarian Eximbank is ready to help finance joint projects, such as the establishment of a regional DATA-center. Generally, it is possible to implement a large number of projects. Negotiations on creation of two mutual funds in the field of computer science and private equity will continue."
The diplomat said that economic relations between the two countries should develop in a mutually beneficial manner.
"I think that agriculture, as well as information and communication technologies are the most interesting spheres for Azerbaijan," the ambassador said. "The matter rests in the fact that Hungary is among the countries that offer the best solutions in the field of ICT on a global level. In addition, they are 20-30 percent cheaper, which causes additional interest."
He went on to add that Hungary is ready to facilitate access of Azerbaijani companies and investors for the Hungarian market by providing them with favorable conditions.
"Regarding the projects of the North-South and the Trans-Caspian international route transport corridors, Hungary itself, being a major hub in Europe, is ready to participate and support cooperation in cargo transportation," said Laslotsky. "I believe that the Baku-Tbilisi-Kars project will create excellent investment opportunities in the region and is a good opportunity to implement the new "Silk Road" project."
A new 105-kilometer branch of the railroad is planned to be constructed as part of the Baku-Tbilisi-Kars project. The peak capacity of the corridor will be 17 million tons of cargo per year. At the initial stage, this figure will be equal to one million passengers and 6.5 million tons of cargo.
The annual transit of goods from Iran to Russia via Azerbaijan will reach about ten million tons. The North-South railway will connect Northern Europe to South-East Asia. It will serve as a link to connect the railways of Iran, Azerbaijan and Russia.
The Trans-Caspian international transport route runs through China, Kazakhstan, Azerbaijan, Georgia and Turkey and then to Europe. The first test container train arrived in the Baku International Sea Trade Port from China via this route in early August.
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