Hungary and Türkiye sign agreement on finance, energy and defence

Türkiye is among Hungary’s important strategic partners, Mihály Varga, the finance minister, said after signing a memorandum of understanding covering finance, the defence industry, energy and the fight against migration, “which serves to deepen steadily developing Hungarian-Turkish relations”.

Hungary and Türkiye sign agreement

Photo: Facebook/Varga Mihály

In numerous areas, Türkiye “is an indispensable partner” of the EU, and Hungary is committed to reinforcing cooperation accordingly, Varga told a press conference after a meeting with his Turkish counterpart in Budapest on Friday.

Varga said the agreement would result in closer cooperation in fiscal affairs, including macroeconomic and budget planning, public debt management and the modernisation of the treasury.

Turkish Finance Minister Mehmet Simsek said the new MoU complemented the existing strategic partnership. He said Türkiye-EU relations were expected to make progress during Hungary’s EU presidency, and he expressed thanks to Hungary for its related support. He also highlighted the modernisation of the customs union, the issue of the visa waiver programme and the relaunch of the European Investment Bank in Türkiye.

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