Hungary and Moldova agree on this important matter

Hungary and Moldova, both neighbours of Ukraine, want a quick end to the war as its direct consequences on both “are extremely serious”, Péter Szijjártó, the foreign minister said on Wednesday at a joint press conference with Moldova’s deputy prime minister, Dumitru Alaiba.

“Neither country bears responsibility for this war whatsoever, yet both Moldovans and Hungarians have paid the price for more than a year and a half,” Szijjártó said.

Both countries have taken in a large number of refugees and are contending with the challenges of skyrocketing energy prices and inflation generated externally.

He said the current challenges increased the importance of economic cooperation, and he noted last year’s record bilateral trade turnover of EUR 190 million.

Hungarian investors, he added, found the Moldovan market attractive and its government “fair”. OTP Bank occupies a leading position on the local banking market and has recently invested around EUR 30 million on improving the quality of its services, he said.

The bank also enhances the safe operation of other Hungarian companies in Moldova, with Hungarian exports focused on pharmaceutical products and animal feed.