Hungary, like the other EU member countries, understands that Caucasus is a very important region, bordering with the EU, Hungarian Foreign Minister said.

"We think that there is potential to develop relations in various fields, specifically economy and education," Ms. Kinga Goncz said during a joint news conference with Armenian FM Edward Nalbandian.

For his part, Minister Nalbandian said certain documents have been already organized for the future agreement on bilateral cooperation.

"Besides, Armenian and Hungarian Foreign Ministers will hold talks in the framework of the European Neighborhood Policy," he said.