Baku, June 3, AZERTAC

Fuad Humbatov, Deputy Secretary General of the National Confederation of Entrepreneurs (Employers) Organizations of the Republic of Azerbaijan (ASK) has met with Archibald Schubert, Co-chairman of the Azerbaijan-Hungarian Business Council from Hungary, Group E&P Commercial & Business Development VP at MOL Group.

Fuad Humbatov noted that the composition of the Azerbaijan-Hungarian Business Council from Azerbaijan would be soon endorsed soon.

He provided information about the economic potential and investment opportunities available in Azerbaijan, especially in Karabakh and Eastern Zangezur economic regions. He also stressed that Hungarian businesspersons are possible to participate in the green energy development projects, construction, light industry, tourism, climate-smart agriculture based on green technologies related to the creation of the "green energy" zone in these regions.

In turn, Archibald Schubert said that he had been appointed co-chairman of the Azerbaijan-Hungarian Business Council through the Hungarian Chamber of Commerce and Industry (HCCI).

MOL Group is a leading integrated Central Eastern European oil and gas corporation headquartered in Budapest, Hungary.