Dutch-Hungarian investment and business services company DBH Group signed a memorandum of understanding with Azerbaijani Pasha Holding in Budapest on 12 November. Memorandum was signed by Agha Ali Kamalov, deputy director of Pasha Holding LLC and Sándor Erdei, CEO of DBH Group BV.
Potential collaboration will cover establishing a joint venture capital fund and would make joint investments in technology companies. The companies would also cooperate to establish a new serviced office location in Baku, Azerbaijan and identify real estate investment projects both in Azerbaijan and in the European Union.
A day before DBH Group signed two memoranda of understanding with State Fund for Development of Information Technologies in Azerbaijan (ICT Fund) and High Tech Park Azerbaijan (HTP).