Hungary, Angola foreign ministers discuss energy cooperation, migration

Hungarian Foreign Minister Peter Szijjarto and Georges Rebelo Pinto Chikoti, his Angolan counterpart, discussed economic cooperation possibilities and the issue of migration at their talks in Budapest on Wednesday.

Cooperation with an economically strong country such as Angola can greatly benefit the Hungarian economy, Szijjarto told a press conference after the meeting. Angola has one of the strongest and most dynamically growing economies in Africa, the country is the largest oil producer of that continent and the sixth largest diamond-producing country in the world, he noted.

Opportunities for Hungarian companies have been identified in the modernisation of Angola’s energy sector and in food exports, Szijjarto said.

In prospective energy cooperation, Szijjarto noted a 400 million dollar project under which the Hungarian subsidiaries of two multinational energy companies would produce and supply turbines and power transformers to Angola. The project will be supported with a 95 million dollar credit line Hungary’s Eximbank has opened to boost bilateral economic cooperation, Szijjarto added.

Noting another area of cooperation, Szijjarto said Hungary would supply food manufacturing technologies and food products to Angola.