"Each time I visit Baku, I see innovation, and I congratulate you for this", the Minister of Foreign Affairs and Trade of Hungary Péter Szijjártó said during his speech at the 10th meeting of the Azerbaijan-Hungary Joint Intergovernmental Commission on Economic Cooperation, Ednews reports.

The minister stated that it has been 14 years that Hungary and Azerbaijan have been strategic partners and the relations between the two countries are at a high level: "Those who once criticized us for our relations with Azerbaijan are now lining up to take photos with the President of Azerbaijan."

Minister Szijjártó said that the trade turnover between Azerbaijan and Hungary reached a high level last year and this exceeded USD 120 million: " Our cooperation in the field of energy contributes to the security of Hungary. Considering the current situation, our cooperation in the energy field is essential."

The minister recalled that Azerbaijani gas had reached Hungary last year and added that his country plans to purchase more natural gas from Azerbaijan, so both parties are interested in it.

Speaking about Hungary's investment in Azerbaijan, Peter Siyarto said that one of the largest pharmaceutical companies in his country has signed a document on cooperation with Azerbaijan, and starting next year, the company will produce up to 19 types of products in Azerbaijan.