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Azerbaijan to present its investment opportunities in Hungary

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 Azerbaijani news agency Trend on Friday.

"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."


Hungarian Secretary of State Péter Szijjártó and Azerbaijani Minister of Economic Development Shahin Mustafayev are co-chairmen of the intergovernmental commission.

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

The memorandums of cooperation between the Azerbaijani and Hungarian business organizations and those of young entrepreneurs of the two countries, a memorandum of cooperation between the navigational organizations of the two countries are planned to be signed within this visit, Hungarian Ambassador to Baku Zsolt Csutora told Trend earlier.

The specific projects and proposals on the areas of mutual cooperation, causing most interest are in construction, agriculture and tourism.

Hungary on August 31 extradited Ramil Safarov, an Azerbaijani convict who was sentenced to life imprisonment in Budapest for killing his Armenian fellow at a NATO training in Hungary in 2004. When returning to Baku, Safarov received an immediate pardon and was promoted.