Turkish Industry Technology Varank held talks in Budapest

Minister of Economic Development Márton Nagy held talks with Turkey’s Minister of Industry and Technology Mustafa Varank in Budapest on Monday, the ministry said.

The sides were in agreement about the importance of Turkish-Hungarian economic links and industrial cooperation, the statement said.

Nagy said that in an economic environment burdened by war and sanctions, efforts must be made to maintain sensible and respectful cooperation. Economic cooperation between Turkey and Hungary is flourishing and bilateral trade is at an unprecedented level, he added. Records show that exports grew by 17 percent in the first ten months of last year, he said.

The intensity of Turkish-Hungarian links is demonstrated by the fact that nearly 100 Turkish companies employ nearly 2,000 people in Hungary and several hundred more jobs are planned to be created thanks to future Turkish investments, the ministry said.

The ministers said talks would continue on economic cooperation, with plans to further enhance links especially in fishing, health industry and pharmaceuticals, food industry, tourism and energy, the ministry added.