Azerbaijan enters WEF global Lighthouse network with SOCAR Carbamide facility
SOCAR’s Carbamide plant in Sumgayit has been recognised by the World Economic Forum (WEF) as a Global Lighthouse site, marking Azerbaijan’s first ...
Baku and Budapest strengthen diplomatic relations as Azerbaijan’s Foreign Minister, Jeyhun Bayramov, began a working visit to Hungary on, Wednesday, 10 December.
The third meeting of the Azerbaijan–Hungary Strategic Dialogue is also scheduled for 11 December during the trip according to officials.
Minister Bayramov is also set to hold meetings with Péter Szijjártó, Hungary’s Minister of Foreign Affairs and Trade, as well as other senior officials.
Topics likely to be discussed include joint infrastructure projects, investment opportunities, and collaboration within international organisations such as the United Nations and the Organisation for Security and Co-operation in Europe (OSCE).
The strategic dialogue, launched in 2019, aims to enhance cooperation in areas including energy, trade, transport, security, and cultural exchange.
Analysts say this meeting is expected to focus on deepening economic ties and regional stability initiatives.
Earlier this year on 22 October, the Deputy Minister of Foreign Affairs of Azerbaijan Elnur Mammadov noted that bilateral political dialogue mechanisms are maintained between Baku and Budapest.
"Relations with Hungary are expanding in all areas. Last year, Hungary was the third largest investor in Azerbaijan.
Hungary is one of the main partners in the energy sector," Mammadov said, at an event held in Baku on the occasion of Hungary's National Day and the anniversary of the 1956 revolution.
"Cooperation in the field of education is at a good level. We believe that relations will continue at a high level in the future as well," he disclosed.
Observers note that these talks could pave the way for new agreements in trade, energy transit, and cross-border cooperation.
The visit also comes amid increased regional diplomatic activity, with Azerbaijan seeking to strengthen relations with European partners and promote stability in the South Caucasus.
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SOCAR’s Carbamide plant in Sumgayit has been recognised by the World Economic Forum (WEF) as a Global Lighthouse site, marking Azerbaijan’s first inclusion in the Forum’s flagship Industry 4.0 network.
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