BAKU, Azerbaijan, April 25. Hungary expresses interest in expanding economic cooperation with Azerbaijan beyond the energy sector, Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó said during the Azerbaijan-Hungary Business Forum in Baku, Trend reports.
"Hungary boasts a thriving pharmaceutical sector, and we are keen to see esteemed companies like the globally renowned Gedeon Richter and Egis Gyogyszergyar Plc (prominent in Central Europe) and potentially Celitron Medical Technologies Ltd. venture into business opportunities in Azerbaijan, potentially within special economic zones," he said.
According to him, Azerbaijan could benefit from Hungary's expertise in water resource management, with several specialized companies within the delegation. Hungary is also prepared to undertake construction projects in Azerbaijan, particularly in the liberated regions like Karabakh and East Zangezur.
"We have consistently advocated for peace and consider the swift reintegration of these territories crucial. Additionally, our technology firms are prepared to contribute to this endeavor, particularly as the liberated lands present opportunities for implementing smart city, smart village, and green energy initiatives," the minister noted.
He also emphasized great prospects for cooperation in tourism, science, and culture.
To note, Baku hosted the 10th session of the Joint Commission on Economic Cooperation between the governments of Azerbaijan and Hungary.
The one-on-one meeting was attended by a delegation headed by Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó and a delegation headed by Azerbaijani Minister of Labor and Social Protection Sahil Babayev. The parties discussed the present status of relations between the two nations and the topics slated for the meeting agenda.
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