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Reconstruction of Azerbaijan’s liberated lands to deepen economic co-op with Hungary

Business Materials 25 February 2021 16:56 (UTC +04:00)
Reconstruction of Azerbaijan’s liberated lands to deepen economic co-op with Hungary

BAKU, Azerbaijan, Feb. 25

By Nargiz Sadikhova - Trend:

The reconstruction of Azerbaijan’s territories will create new opportunities for deepening economic cooperation between Azerbaijan and Hungary, Hungarian Ambassador to Azerbaijan, Viktor Szederkényi told Trend.

Following over a month of military action to liberate its territories from Armenian occupation from late Sept. to early Nov. 2020, Azerbaijan has pushed Armenia to sign the surrender document. A joint statement on the matter was made by the Azerbaijani president, Armenia's PM, and the president of Russia.

A complete ceasefire and a cessation of all hostilities in the zone of the Nagorno-Karabakh conflict was introduced on Nov. 10, 2020.

Szederkényi noted that Hungary was among the first countries to express interest in participating in this, in his wiords, truly giant endeavor.

“On January 14, this year, a videoconference was held on this topic between the Co-Chairs of the Joint Intergovernmental Commission, Minister of Foreign Affairs and Trade of Hungary, Mr. Péter Szijjártó, and Minister of Labor and Social Protection of Azerbaijan, Mr. Sahil Babayev,” he said.

Szederkényi noted that during the online meeting the ministers have identified the potential spheres of cooperation, such as infrastructural, urban and agricultural development.

“During the videoconference, Minister Szijjártó announced that a 100 million dollars credit line is available by our EXIM Bank to support Hungarian companies who are interested to take part in the reconstruction,” he said.

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