Cooperation with Russia will help Hungary be first to relaunch its economy, says minister
Pragmatic cooperation with Russia will help Hungary in its quest to be the first in the European Union to relaunch its economy, Péter Szijjártó, the minister of foreign affairs and trade, said at the INNOPROM Industrial Exhibition in Yekaterinburg on Tuesday.
Russia, he said, had helped the country snap the third wave of the coronavirus epidemic.
“The economic response of Hungarians to the pandemic was not the standard one, so we’ve been the first to reopen,” Szijjártó said in a speech to the Hungarian Economic Forum. “Our aim now is to be the first [in the EU] to relaunch our economy.”
The minister said Russia-Hungary political ties were unencumbered by any problems that might hinder business cooperation. Bilateral trade, he added, grew by 51 percent in the first four months and Eximbank has opened a 615 million US dollar credit line to fund business cooperation.
Wizz Air will soon launch a flight to Yekaterinburg and set up a base in St. Petersburg, he noted.
Russian Valdai passenger hydrofoils will be deployed to the Danube in Hungary, he added, while a 30 million euro purchase of Hungarian refrigeration equipment will be used in a power plant in St. Petersburg, among other business deals.
A Hungary-Russia state rail transport JV will ensure that busy China-Europe routes pass through Hungary, with a new transshipment and logistics centre in Záhony key to this endeavour, he said.
Also, talks are under way on strategic cooperation in vaccine manufacture, Szijjarto said, noting that almost 70 countries are administering the Sputnik V vaccine, with demand expected to grow in the future.
The latter two projects may give a major boost to Hungary’s economy, the minister said.
Szijjártó signed an economic cooperation agreement with Natalya Komarova, the governor of the Khanty-Mansi Autonomous Area, and met Yevgeny Kuivashev, the governor of Sverdlovsk Oblast.
Representatives of various Hungarian companies accompanied the minister during his visit.
Read alsoHungarian politician spied for Russia in the EU parliament? Here is the court’s verdict!
Source: MTI
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4 Comments
A cosy threesome, Russia/China/Hungary. Or is it two bullies and Hungary. Then it all turns nasty coz no one trusts one another and Hungary will lose its identity. Russians don’t even trust their own vaccine. I think a lot of people are getting rich quick.
It’s a matter of Hungary “not putting all its eggs in one basket.” Sure China and Russia are not the best countries om human rights. Yet, you still have many countries trading with China. Therefore, if
Western countries have developed ties with China then why can’t Hungary?
CYNICAL, why do you think that Russians don’t trust their own vaccine? Which facts your statement is based on? The percentage of vaccinated in Russia or anything else?
Germany is looking to russia for much of its gas- nothing hungary is doing comes close to what is happening there. China is the biggest threat to the US. The current admin seems to have done little to keep it in check. The current possibility of viral research being funded by the US and little cooperation in how the virus started. No hearings on COVID, but major uproar over a event that lasted 3 hours and everyone was back work, they are still feeing lies and refuse to release much of the evidence.
The most intelligent person in the EU is Hungary’s FM. 8 years of listening to EU leaders are just as bad as in the US- they do sound more intelligent but a total lack of common sense and vision.