ArmInfo. On December 19, at a regular meeting, the Government of Armenia approved a proposal to sign an agreement on economic cooperation with the Government of Hungary.
As stated in the explanatory note to the document, the Agreement provides an opportunity to develop and deepen long-term economic relations between the two countries based on equality and mutual benefit in such areas as trade, pharmaceutical industry, tourism, energy, transport and logistics, agriculture and forestry, research and innovation, environmental protection and water management and other areas of cooperation of mutual interest.
The agreement is aimed at developing mutually beneficial cooperation between the two countries, creating favorable conditions for expanding economic ties, increasing business activity, and using the existing potential. in the field of economic cooperation between the two countries.
The document provides for the development and diversification of mutually beneficial cooperation in all sectors of the economy of mutual interest, as well as the creation of a joint economic intergovernmental commission between Armenia and Hungary for the purpose of coordinating and developing bilateral trade and economic cooperation.
According to statistics, the foreign trade turnover of the Republic of Armenia with Hungary amounted to $23.1 million (an increase of 14.2%). Armenian exports increased by 9.5% to 763.1 thousand, while imports to the Republic of Armenia reached $22.3 million, with an increase of 14.4%.
In 2012, Hungarian Prime Minister Viktor Orban returned Ramil Safarov to Azerbaijan as a national "hero" who hacked to death with an axe the Armenian officer Gurgen Markaryan, who was undergoing military training in Hungary. After that, the then political leadership of Armenia froze diplomatic relations with this country.
Following the meeting of Ararat Mirzoyan with his Hungarian counterpart Peter Szijjarto (December 1, 2022), the parties reached an agreement on the restoration of full-fledged diplomatic relations, expressing their intention to open a new chapter in Armenian-Hungarian relations based on mutual trust and respect for international law. In May 2023, Armenia appointed a non-resident ambassador to Hungary. He was Ashot Smbatyan. On November 28, at a meeting of the Government of Armenia, a decision was made to open the RA Embassy in Hungary.
