AzerNews – Hungary ready to invest in Azerbaijan

Hungarian Eximbank has expressed readiness to invest in establishing a regional DATA-center in Azerbaijan, Hungarian ambassador to Baku Imre Laszloczki told Trend.

The project on regional DATA-center is implemented with the support of the UNDP. The first such DATA-center in the region will ensure stable operation in case of failure of any node of the system, as it will have an availability index of 99.985 percent. The economic relations between Hungary and Azerbaijan are at a very good level, he stressed. “Trade turnover between the two countries in 2015 rose by five percent. I hope that it will continue to grow further.”

“With regard to investment, the Hungarian Export-Import Bank is ready to help finance joint projects, such as the establishment of a regional DATA-center,” the ambassador stressed.
Laszloczki further added that there are possibilities to implement a large number of projects.

“Negotiations will continue on the creation of two mutual funds in the field of computer science and direct private investment,” he said.

The trade turnover between the two countries in 2014 increased by 2.9 times, and in January-February 2015 amounted to $2,881 million, according to Azerbaijan’s data.

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Source: http://www.azernews.az/