10:57 - 18.09.2026

---

September 18, Fineko/abc.az. In the 1st half of 2026, Hungary's foreign direct investments in the Azerbaijani economy increased by 20.1% against Jan-Jun 2025 up to $199.6 million.

According to the Central Bank of Azerbaijan, Hungary's share in overall foreign direct investments in Azerbaijan grew from 5.2% up to 5.4%. According to this indicator, Hungary ranked 6th among the largest investors.

Over Jan-Jun 2025, Hungary’s investments amounted to $166.2 million.

The majority of Hungarian capital is concentrated in the energy sector.

MOL Group owns a 9.57% stake in Azeri-Chirag-Guneshli field and 8.9% in the Baku-Tbilisi-Ceyhan oil pipeline. Commercial production of free gas began at ACG in June 2026. The company is also expanding cooperation with SOCAR at the onshore site in the Shamakhi-Gobustan zone, acting as the project operator with a 65% stake.

Another major Hungarian investor, MVM Group, owns 5% in the Shah Deniz Project and 4% in the Azerbaijan Gas Supply Company.

MVM Group also entered the Azerbaijani renewable energy market by acquiring a 10% stake in the Shafag solar power plant with capacity of 240 MW built in Jabrayil from BP.

The total investment in this project is approx. $200 million, which expands cooperation between Hungary and Azerbaijan in the energy sector.

In the non-oil sector, the Quality Pack Caspian project, implemented by Hungarian company HELL Energy in the Alat Free Economic Zone, stands out.

The total investment in the plant for manufacture and bottling of aluminum cans for beverages will reach $211 million.

The enterprise with annual production capacity of 700 million cans will contribute to development of the non-oil industry in the region.