Baku. Agshin Rafigoglu – APA-Economics. Today, the sixth meeting of the Azerbaijan-Hungary Intergovernmental Commission on Economic Cooperation has been held in Baku.
Azerbaijani co-chair of the commission, minister of economy Shahin Mustafayev said the two countries have signed 40 documents so far: “We have strategic partnership. One of these documents was about abolishment of double taxation and joint protection and promotion of investments”.
The minister noted that the trade turnover between the two countries rose 63% year-on-year: “Hungarian Wizzair Company has resumed flights since March”.
According to him, 6 Hungarian companies operate in Azerbaijan.
Hungarian co-chairman of the commission, the foreign minister Péter Szijjártó said Hungary is interested in expansion of ties between Azerbaijan and EU and it may help Azerbaijan eliminate visa regime with EU countries.
He stressed Hungary has practice in agriculture and is interested in expansion of agricultural cooperation with Azerbaijan.
Szijjártó underlined Hungary may also allocate loan to construction of 160 km-road between Azerbaijan and Iran.
Szijjártó added Hungarina Eximbank allocated €200 million for small and medium entrepreneurship in Azerbaijan. According to him, Eximbank is ready to allocate next €5 million to Azerbaijan-based PASHA Bank.
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