Hungarian FM happy for the flourishing relationship with this Caucasian country

All conditions are in place for Hungarian and Azeri businesses to profit from the strategic partnership between the two countries, Péter Szijjártó, the minister of foreign affairs and trade, said on Friday.

Addressing a Hungarian-Azeri business forum in Budapest, Szijjártó said reliable and predictable partnerships like that of Hungary and Azerbaijan were even more important today. “We would like for more Hungarian and Azeri economic players to profit from the strategic partnership between the two countries,” the foreign ministry quoted Szijjártó as saying, in a statement. “Especially now when the global economy has turned upside down for the second time in a very short period.”

Detailing the necessary conditions for cooperation among economic players, Szijjarto welcomed that there were no unresolved political issues between Hungary and Azerbaijan. Financial conditions are also in place, he said, noting that Hungary’s Eximbank has opened a 140 million dollar credit line to finance cooperation between Hungarian and Azeri businesses.

As regards legal conditions, the minister said agreements between the two countries were secure thanks to an investment protection agreement that is in effect.