Hungary views Russia as a strategically important partner in the areas of economic cooperation, energy security, and the protection against the coronavirus pandemic, Foreign Minister Péter Szijjártó said on Thursday.
Szijjártó attended the announcement of Russian-owned Arnest Group’s first Hungarian investment, the foreign ministry said in a statement. The 17 billion forint (EUR 47m) aerosol filling and metal container production facility to be built in Alsózsolca by end-2024 is receiving a 7 billion forint state grant and training subsidies, and the investment will create 256 jobs. Szijjártó said the proportion of investments from the East in the Hungarian economy was growing, vindicating the country’s policy of opening to the East.
Agreement on the development project went ahead despite sanctions against Russia and in the face of criticism of pragmatic bilateral cooperation, he added. Several international players wanted to prevent cooperation, but, he added, the
Hungarian government had a vested interest in partnership based on mutual respect from which both sides profited equally.
He accused western European countries of aiming for the same cooperation while resorting to hostile remarks, “driven by political correctness”, and
signing “huge business deals” in Russia or with Russia.
Since the introduction of European Union restrictions in 2015, trade between EU member states and Russia increased by 16 percent, Szijjártó said, noting that German exports rose by 21 percent and French exports by 44 percent.
Had the government not pursued foreign policies based on national interests and instead yielded to pressure, Hungary would have been much less successful in the fight against the pandemic, in guaranteeing energy security, and achieving economic success, he said.
Hungary-Russia trade increased by 51 percent last year and Hungarian exports rose by 15 percent, exceeding 2 billion dollars, he added. The production value of the Hungarian chemical industry increased by 41 percent last year, reaching 7,000 billion forints, and the sector currently employs almost 95,000 people, he added.
Read also Opposition party claims Russia shapes Hungarian foreign policy
Source: MTI
If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
please make a donation here
Hot news
Top 3 in the region: Corvinus University gains prestigious recognition
Fidesz-DK grand coalition formed in the EP?
Top Hungary news: Austria closes border with Hungary, domestic violence, New York Café nighttime opening, EUR/HUF low — 27 November, 2024
Hungarian deputy PM: Every Hungarian vote is needed in Romania election
Three Ukrainian men rescued from freezing Tisza River in Hungary while attempting to flee mobilisation
Hungarian banking system declared stable and highly profitable in latest central bank report
4 Comments
…it is better to co-exist peacefully rather than be enemies….
If (or when) Russia invades Ukraine, we will even be neighbours! Isn’t that something to look forward to?
Don’t kid yourself that Russia respects anyone other than Russia. Szijjarto just sucking up and hedging his bets.
UK publication: “All evidence suggests that Vladimir Putin wants a regime in Kyiv favourable to Russian interests, much as Soviet leaders wanted in Hungary in 1956 and in Czechoslovakia in 1968. The west wisely did not argue or intervene on either of those occasions (SIC!). Russia’s motives today seem much the same. Putin is determined to oppose the emergence of possible liberal, western-oriented societies in Belarus and Ukraine”. Good thing we are part of NATO now, but let’s see if Putin’s appetite is satisfied after the annexation of the Ukraine?