Armenia and Hungary have agreed to open embassies in each other's capitals. Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó announced this during a joint press conference with Armenian Foreign Minister Ararat Mirzoyan in Budapest, Paralel.Az reports citing Armen Press.

Péter Szijjártó noted that since the restoration of diplomatic relations with Armenia, they have been able to take significant progressive steps aimed at the prosperity of the countries' economy.

"Last year, our economic development and turnover reached 70 percent," Hungarian Minister underscored.