• Coronavirus in Hungary
  • coronavirus
  • Budapest
  • Covid immunity certificate in Hungary
  • Covid immunity certificate/vaccine passport
  • Hungary border control
  • HelloMagyar
Foreign minister: Central Asia growing in importanceForeign minister: Central Asia growing in importanceForeign minister: Central Asia growing in importanceForeign minister: Central Asia growing in importance
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Support us
Daily News Hungary Daily News Hungary · 18/09/2020
· Politics

Foreign minister: Central Asia growing in importance

Asia diplomacy economy Hungary Ministry of Foreign Affairs
hungary central asia

Photo: MTI/Soós Lajos

Central Asia is becoming increasingly important in terms of Hungary’s policy of opening to the East, Foreign Minister Péter Szijjártó said after talks with his Kyrgyz counterpart on Thursday, adding that the countries of the region were achieving impressive economic growth.

The region’s rapid growth presents an opportunity for Hungarian businesses looking to enter new markets, Szijjártó told a press conference he held jointly with Chyngyz Aidarbekov, adding that the financial conditions for entering the Central Asian market were now more favourable than in the past.

Szijjártó said the European Union’s decision to develop a strategy specifically for cooperating with the countries of Central Asia reflected the region’s growing importance.

He said Hungary will urge the EU to finalise and sign the partnership and cooperation agreement with Kyrgyzstan which has been under negotiation for a long time. Hungary will further support Kyrgyzstan’s membership application to the UN Security Council and its Human Rights Council, Szijjártó added.

He said he and Aidarbekov sealed a Hungarian-Kyrgyz investment protection agreement and an agreement on the avoidance of double taxation which will create a framework for their companies’ safer and more predictable operation in each other’s territory. Another agreement was also signed between the two countries’ chambers of commerce and industry on oiling the wheels of cooperation between their members, Szijjarto said.

Further, they signed a pact on setting up a 50 million euro Kyrgyz-Hungarian investment fund to support Hungarian investments in Kyrgyzstan and joint projects in third countries, he said.

Hungary has increased its exports to Kyrgyzstan by 7 percent in the first half of 2020, led by pharmaceutical company Richter, Szijjarto noted.

As regards education cooperation, Hungary will double its state scholarships to meet the demand of 383 applicants this year, he said.

Szijjártó said today’s meeting was held in preparation of the Kyrgyz president’s visit to Hungary at the end of September, during which a number of strategic partnership agreements will be signed on boosting economic, trade, education and international political cooperation.

Aidarbekov called Hungary a crucial partner of Kyrgyzstan, noting that it was the first EU member state with which his country has elevated its bilateral ties to a strategic partnership.

Feszty, painting, Hungary, art
Read alsoHungary’s Árpád dynasty ‘formed 4,500 years ago’ in central Asia

Source: MTI

Asia diplomacy economy Hungary Ministry of Foreign Affairs
Share
Daily News Hungary
Daily News Hungary

Related posts

migration hungary
03/07/2022

Minister: migrants at Hungary’s borders “have no right to cross”


Read more
hungary_budapest_public_transport_pass
03/07/2022

Universal public transport pass to come in Hungary for 12.5 EUR/month?


Read more
Chain bridge revamp
03/07/2022

Government: Europe facing serious economic challenges


Read more

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.


Latest news
  • What happened today in Hungary? – July 3, 2022
  • Minister: migrants at Hungary’s borders “have no right to cross”
  • Spend a night at one of these Hungarian castle hotels! How much do they cost?
  • Universal public transport pass to come in Hungary for 12.5 EUR/month?

About us

Contact us

© 2022 DailyNewsHungary. All rights reserved!
Posting....