Azerbaijan, major Hungarian company sign investment deal

An Azerbaijani investment company and a large Hungarian company have signed an investment agreement.

"The Azerbaijan-Hungary trade-economic relations are growing. The investment agreement signed between Azerbaijan Investment Company OJSC (@AIC_OJSC) and Hungary's Hell Energy Ltd. is a significant step in the direction of efficient cooperation between the business circles of our countries," Azerbaijani Economy Minister Mikayil Jabbarov, wrote on his Twitter account on March 30, according to Caliber.Az.

It's worth noting that in 2021, the total trade turnover between Azerbaijan and Hungary amounted to $35.16 million, while this figure increased by 34.81 per cent and reached $47.4 million in 2022.