Azernews.Az

A delegation headed by Azerbaijani Minister of Economic Development Shahin Mustafayev will visit Budapest to participate in the third meeting of the Azerbaijani-Hungarian Intergovernmental Commission for Economic Cooperation, spokesman for the ministry Abbas Aliyev told Trend news agency.

"The delegation consisting of officials and businessmen will take part in the Azerbaijani-Hungarian business forum on Oct. 8," he said. "A meeting of the intergovernmental commission will be held the next day."

Minister Mustafayev and Hungarian Secretary of State for Foreign Affairs Peter Szijjarto are co-chairmen of the intergovernmental commission.

Aliyev added that Azerbaijan's business and investment opportunities will be presented at the forum. Bilateral meetings will be held between businessmen.

Memorandums of cooperation between Azerbaijani and Hungarian business organisations and those of young entrepreneurs of the two countries, a memorandum of cooperation between the navigation organisations of the two countries are planned to be signed during the visit, Hungarian Ambassador to Baku Zsolt Csutora told Trend earlier.
Specific projects and proposals on mutual cooperation that are of most interest are in construction, agriculture and tourism.

According to the Azerbaijani State Customs Committee, the trade turnover between Azerbaijan and Hungary made up $13.398 in January-August. Around $13.35 million was the share of Azerbaijani imports.