Kuwaiti FM in Budapest: great potential for development between the two countries
Economic development minister Márton Nagy on Monday met Kuwaiti Foreign Minister Sheikh Salem Abdullah Al-Jaber Al-Sabah in Budapest on Monday to discuss economic ties and areas of future cooperation, the ministry told MTI.
Nagy praised Kuwait as the fifth richest country in the world with an “exemplary” 2.5 percent unemployment rate.
Trade volume between Hungary and Kuwait reached 33 million dollars in 2022, and there is “much room for improvement”, Nagy said. Besides the energy sector, there is room for cooperation in agriculture and the food and pharmaceutical industry, he said.
Hungarian companies could also benefit from Kuwait’s plan to become a financial, trade and cultural hub by 2035, he added.
As we wrote before, despite the previous plans, Kuwait Airways will not come to Budapest Airport from 13 June. Details HERE.
Source: MTI
please make a donation here
Hot news
Wizz Air Middle East flight returns to Budapest, leaving passengers stranded in Dubai
What happened today in Hungary? – 27 May, 2024
The body of the last victim of the Danube boat accident found
Hungarian government says EU politicians want to take young people to the Ukrainian front
Orbán cabinet: Greater efforts needed to free the Gaza hostages
Great news! One of Budapest’s metro lines will soon be extended