Today.Az » Business » Hungary to open trading house in Baku
04 May 2012 [18:26] - Today.Az
Hungarian trading house will open in Baku in May to give an impetus to Azerbaijani-Hungarian economic relations, the Hungarian government told Trend on Friday.
Hungary earlier announced its plans to launch a project to create a trading house to support small- and medium-sized businesses. The statement was made during the second meeting of the Azerbaijani-Hungarian Intergovernmental Commission on Trade and Economic Cooperation in Baku on Nov.11, 2011, which took place during Hungarian President Pal Schmitt's visit to Azerbaijan.
The first step is to establish a trading house in Azerbaijan as a pilot project. The Azerbaijani side also expressed readiness to support the implementation of this project.
The opening ceremony will be held during visit of Hungarian National Economy Ministry's Secretary Rosa Nad to Azerbaijan.