BAKU, Azerbaijan, April 25. During the 10th session of the Joint Commission on Economic Cooperation between the governments of Azerbaijan and Hungary, an Azerbaijani-Hungarian business forum was convened in Baku, jointly organized by the Azerbaijani Export and Investment Promotion Agency (AZPROMO) and the Hungarian Export Promotion Agency (HEPA), Trend reports.
The event was attended by 55 companies from both states, specializing in water, agriculture, ICT, healthcare, automotive, pharmaceuticals, construction, financial, and other sectors.
Addressing the business forum, co-chairman of the intergovernmental commission from Azerbaijan, Minister of Labor and Social Protection Sahil Babayev, emphasized that relations between the two countries are at the highest level, in particular, due to the signing of the Joint Declaration on Expanded Strategic Partnership a year ago.
According to Babayev, about 20 business forums, meetings, and other events have been held in Baku and Budapest in the previous year.
"As for strategic gas cooperation, Azerbaijan (represented by SOCAR Trading) supplied 50 million cubic meters of gas to Hungary in 2023," the minister added.
The Executive Director of AZPROMO, Yusif Abdullayev, presented information on Azerbaijan's investment potential and the privileges created for investors at the forum.
HEPA CEO Gabor Jenei, in turn, underlined the importance of organizing such events and the positive results achieved.
Chairman of the Management Board of the Small and Medium Business Development Agency (KOBIA), Orkhan Mammadov, spoke about the agency's activities and support measures that serve to establish ties between businessmen.
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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