Hungary traces up for support from Azerbaijan – assessment of President Ilham Aliyev’s stop by to Budapest

BAKU, Azerbaijan, January 31. The go to of
President Ilham Aliyev to Hungary is the following strategic step of the
country’s political management. Obtaining recognized alone as a
reputable associate in many fields, and in the energy sector in
specific, Azerbaijan carries on to be in the highlight in the
international arena and gets to be an more and more interesting husband or wife
for its European colleagues. In this regard, Hungary is much from
the initial European region to seek out assist from Azerbaijan.

The intent of the visit is to market the more advancement
of significant-amount relations in between the two nations around the world and improve
cooperation in areas of mutual desire.

For the duration of an expanded assembly with Prime Minister of Hungary Viktor
Orban in Budapest President Ilham Aliyev famous that
Azerbaijani-Hungarian relations already have a fantastic history of
mutual assistance, have confidence in, partnership, and friendship.

“And this is definitely a significant asset. Therefore, now when we investigate
new areas of cooperation, we now have, how to say, a incredibly reliable
basis for our partnership,” President Ilham Aliyev said.

Hungary attaches great relevance to energy cooperation with
Azerbaijan. The region supports the Southern Fuel Corridor (SGC)
project and has expressed interest in joining it. The Hungarian
facet is typically present at yearly conferences of the SGC Advisory
Council. Hungarian Minister of Foreign Affairs and Trade Peter
Szijjarto is expected to attend the once-a-year meeting of the SGC
Advisory Council, which will be held in Baku on February 3,
2023.

Cooperation concerning the two nations in the fields of
transportation, transit and logistics is correctly establishing. To
this stop, a MoU was signed in 2022 involving the Alat Free Financial
Zone and the Hungarian Export Marketing Agency. At the same time,
the Hungarian Wizz Air low-cost airways run immediate flights
among Baku and Budapest.

Hungarian businesses also display fantastic interest in taking part in
the reconstruction functions carried out in the liberated lands of
Azerbaijan, and have offered pertinent assignments in this regard.
Hungary has also donated 25,000 euros as a voluntary contribution
to aid mine clearance functions in the liberated
territories.

In addition, a substantial enhance in the quantity of trade turnover
amongst the two nations in this sort of a limited time period is a apparent
confirmation of the significant stage of cooperation. For instance, in
2021, the full trade turnover in between Azerbaijan and Hungary
amounted to $35.16 million. In 2022, this determine amounted to $47.4
million, which suggests an increase of 34.81 percent calendar year-on-year.

For the duration of the check out of President Ilham Aliyev to Budapest, a amount
of significant files aimed at boosting cooperation in between the
two countries have been signed. Between them are a Declaration on the
growth of the strategic partnership, MoU on cooperation in the
discipline of migration, a MoU on cooperation in the area of pure
gas, MoU on cooperation in space experiments and house actions for
peaceful functions, as perfectly as a MoU on the institution of
friendly relations and cooperation in the subject of lifestyle,
tourism, city preparing, science, overall economy, and other spheres of
general public everyday living.

The progress of cooperation in the vitality sector turned one
of the most important topics of dialogue through the pay a visit to of President
Ilham Aliyev. Hungary acknowledges the important purpose Azerbaijan
performs in making sure the electrical power safety of Europe.

The settlement signed in December previous 12 months concerning Azerbaijan,
Georgia, Hungary and Romania, according to which the electric powered cable
will be extended under the Black Sea to deliver eco-friendly electricity from
Azerbaijan to Europe, is a further pillar in this broad
cooperation.

As President Ilham Aliyev reported, building a push assertion
following the assembly with Primary Minister of Hungary Viktor Orban,
“the recently found out large green strength potential has also
improved the importance of Azerbaijan. Of class, assignments similar
to green electrical power and the currently applied ones will carry us
nearer to Europe”.

The go to of President Ilham Aliyev to Hungary is vivid evidence
of the thorough and progressive progress of the
Azerbaijani-Hungarian strategic partnership, which, consequently, will open up
a new site in the relations between the two nations.

This check out displays that Azerbaijan, which, successfully employing its
economic and geostrategic rewards, has entered a stage of
growth and has become the major region in the South
Caucasus, therefore, attracting far more and far more associates to cooperate.