Hungary-Bulgaria mixed economic committee held in Budapest

Hungary considers Bulgaria a crucial player in building infrastructure to ensure gas supplies from the south, Foreign Minister Péter Szijjártó said on Tuesday.

Energy is expected to be the focus of bilateral ties in future, he said after a meeting of the Hungary-Bulgaria mixed economic committee in Budapest, which he co-chairs.

Szijjártó said

the government wants to make gas purchases through the Turkish Stream gas pipeline that traverses Bulgaria and Serbia as early as next year.

The government will make legal and infrastructure preparations before the end of 2019, he added. Bulgaria has launched the necessary infrastructure projects and Hungary will start the capacity contract procedure in September, he said.

Szijjártó noted

the growing importance of southern gas supplies in light of a possible ceasure of supplies via Ukraine as well as plans to exploit natural gas from the Black Sea.

Concerning bilateral business ties, Szijjártó said that the turnover of foreign trade could exceed last year’s over 1.5 billion euros in 2019. Hungary’s Eximbank has set up a credit line of 165 million euros to promote further expansion of that cooperation, he added.