President Ilham Aliyev has described the development of Azerbaijani-Hungarian ties as significant, Azertag reported on October 22.

Azerbaijan increased the volume of trade turnover with Hungary by 9 percent in 2020, including increase in imports by 8 percent and exports by 60 percent, Labor and Social Protection Minister Sahil Babayev has said.

Azerbaijan and Hungary have discussed Hungarian companies’ participation in restoration of Azerbaijan’s liberated territories.

Azerbaijan and Hungary have discussed Hungarian companies’ participation in the restoration of Azerbaijan’s liberated territories, Hungarian Foreign Affairs and Trade Minister Péter Szijjártó wrote in his official Facebook page.

The attraction of foreign investors to the liberated territories was discussed during an online meeting between the acting head of the Azerbaijan Export and Investment Promotion Foundation, Yusif Abdullayev, and Hungarian ambassador Viktor Szederkenyi on November 26.

Minister of Foreign Affairs and Trade of Hungary Péter Szijjártó told Report that Azerbaijan is a key player in the diversification of energy sources in Europe and Hungary in particular.

Azerbaijan and Hungary have signed agreements in the fields of education and passenger and freight traffic, Azerbaijani Foreign Ministry told Trend on December 7.

Hungary’s three major travel companies are keen to enter the Azerbaijani market.

Azerbaijan and Hungary have a great capacity for expanding bilateral ties, Hungarian Minister of Foreign Affairs and Foreign Economic Relations, Co-chairman of the Azerbaijani-Hungarian Joint Commission on Economic Cooperation Peter Szijjarto said.

Baku hosted Azerbaijan-Hungary business forum on June 27 that was joined by officials from both countries as well as representatives of companies operating in the ICT sector.