Business Forum ‘Doing Business in Azerbaijan’ Enlightens Budapest

On March 18th, the vibrant Hungarian capital hosted a high-profile business forum centered on the theme of “Doing Business in Azerbaijan.” Organized by the Embassy of the Republic of Azerbaijan in Hungary and the Office of the Trade Envoy of Azerbaijan in Central European countries, in collaboration with the Hungarian Export Promotion Agency (HEPA), the event provided a platform for insightful discussions and networking opportunities among key stakeholders.

The esteemed Ambassador of Azerbaijan to Hungary, Tahir Taghi-Zadeh, set the tone with an illuminating opening speech, underscoring Azerbaijan’s remarkable economic achievements in recent years and its welcoming investment climate. The forum received a warm reception from Katalin Bihari, the Deputy Secretary of State of the Ministry of Foreign Affairs and Trade of Hungary, who extended a cordial welcome to the distinguished attendees.

Subsequent to the introductory remarks, Nemat Nagdaliyev, the Trade Envoy of Azerbaijan in Central European countries, and Mirza Alakbar Babayev, the Chief Advisor to the Trade Envoy, delivered comprehensive reports elucidating the investment prospects in Azerbaijan – particularly in Karabakh. The presentations intricately detailed the plethora of opportunities available in the country, shedding light on the establishment of industrial parks and the ongoing extensive construction and rehabilitation efforts in recently liberated territories.

The business forum served as a pivotal gathering for representatives from the business communities of Hungary and neighboring countries. Their active participation underscored the mutual interest in fostering stronger economic ties and exploring collaborative ventures between Azerbaijan and its Central European counterparts.

As the curtains drew on the enlightening discussions, participants departed with enriched perspectives and newfound prospects for fruitful collaborations, further strengthening the economic bonds between Azerbaijan and Hungary.

As an added note, the Office of the Trade Envoy of Azerbaijan to Central European countries has been operational since 2017, spearheading the promotion of non-oil exports of Azerbaijan in Europe as well as attracting foreign investments to Azerbaijan.

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