Hungary to step up Azeri co-op in non-oil sector
BAKU – Hungary intends to develop relations with Azerbaijan not only in the energy sector, but also in the non-oil sector, Hungarian National Development Ministry’s Deputy State Secretary Peter Olajos said on Friday at an Azerbaijani-Hungarian business forum in Baku.
He added that efforts will be made to develop relations in the real sector of the economy.
Although the trade turnover between Azerbaijan and Hungary amounted to only $85 million in 2008, the annual growth of foreign trade operations hit eight percent.
"I cannot name the potential level of trade turnover between our two countries, as this figure will depend on the market and the relations between entrepreneurs," Olajos said.
The business forum is attended by 17 Hungarian companies operating in the construction, IT, infrastructure, banking, and alternative energy sectors.
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