Türkiye is a reliable and predictable transit partner without whom Hungary’s energy security would not be guaranteed, Péter Szijjártó, the minister of foreign affairs and trade, said in Ankara on Wednesday.
Medicor plant inauguration in Türkiye
Foreign Minister Péter Szijjártó attended the inauguration of an incubator plant built by Hungary’s Medicor in Türkiye.
The foreign ministry quoted Szijjártó as saying that the Hungarian government had provided a grant of 480 million forints to the 800 million project, adding that the facility would start production in the second half of the year.
Szijjártó said Medicor would also move research and development activities to Ankara, in preparation for “pioneering efforts by Hungarian and Turkish engineers to make services for premature babies more effective”.
The minister noted the Hungarian government’s support for Hungarian companies making investments in other countries, and said “new export markets will generate more income … and the Hungarian economy will become stronger”.
Szijjártó highlighted the strategic political and economic cooperation between Hungary and Türkiye, adding it was a “success story with both partners benefitting”.
Since the beginning of the year, the turnover of bilateral trade has increased by 19 percent, and “Turkish exports to Hungary have broken a record”.
On another subject, Szijjártó expressed the government’s support for Turkish President Recep Tayyip Erdogan’s party in Türkiye’s upcoming election.
Energy security with Türkiye
Responding to a question at a news conference following the inauguration of an incubator plant built by Hungary’s Medicor, Szijjártó expressed Hungary’s gratitude for the role Türkiye plays in guaranteeing the country’s energy security.
“There can be no secure energy supply in Hungary without the transit route in Türkiye,” the minister said, pointing out that the TurkStream gas pipeline was the only east-west pipeline in Europe that was operating reliably.
He said “we received some friendly warnings, or more specifically, threats of sanctions from our common friends and allies” that building the pipeline would “lead to big trouble”.
“But we held out, and didn’t give in to the threat of sanctions,” Szijjártó said.
“If we hadn’t held out, the TurkStream pipeline wouldn’t have been built, and we wouldn’t be able to guarantee Hungary’s natural gas supply.”
He said the Hungarian government would continue to count on Türkiye’s role as a gas transit country, noting a developing agreement on the purchase of gas from Azerbaijan which would require the same transit route. Talks are also ongoing with Turkish energy company Botas on the purchase of Turkish natural gas, he added.
Meanwhile, Szijjártó highlighted the importance of nuclear energy when it comes to energy cooperation, given that Hungary and Türkiye are building nuclear plants that use the same technology.
The reactor blocks being built in Türkiye are expected to be the ones to go online sooner, and will provide useful information to Hungary for when its own new blocks become operational, Szijjártó said.
AND Mr. Szijjártó stated that our Politicians are hoping President Erdogan’s party will win in the upcoming elections …
Given Mr. Erdogan’s track record on his economy (spoiler – it’s BAD) – https://www.oecd.org/economy/turkiye-economic-snapshot/ and his earthquake response – https://www.bbc.com/news/world-europe-64594349 , his reelection may be in jeopardy.
Our Politicians picking sides – not great. Example – didn’t play out so well with Mr. Trump. To our detriment.