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Hungary’s Eximbank ready to finance joint projects with Azerbaijan

Business Materials 27 January 2014 15:05 (UTC +04:00)

Baku, Azerbaijan, Jan. 27

By Abbas Akhundov - Trend:

Hungarian Export-Import Bank (Eximbank) is ready to finance Azerbaijani-Hungarian joint business projects, Hungarian State Secretary of Foreign Economic Relations and Foreign Affairs, Peter Siyarto said.

Siyarto made the remarks at the Azerbaijani-Hungarian Business Forum held in Baku on Jan. 27.

He said 28 Hungarian companies mainly specialising in the agricultural and food industries are working with Azerbaijan.

According to the Hungarian side's statistics, the trade turnover between the two countries rose by 27 percent in 2013 and according to Azerbaijani side - by 40 percent.

Translated by E.A.

Edited by S.M.

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