Moscow, February 17 (MTI) – Sergey Lavrov, Russia’s foreign minister, will visit Hungary in spring 2016, Hungarian foreign minister Péter Szijjártó told Hungarian reporters in Novo-Ogaryovo, near Moscow, on Wednesday.

Szijjártó is in Russia as a member of a delegation headed by Hungarian Prime Minister Viktor Orbán.

Szijjártó also announced that the Hungary-Russia joint economic committee will meet in Budapest on June 22.

Concerning ties with Russia, Szijjártó said that despite negative political developments in Europe economic cooperation was about to “enter a new phase” and the two countries plan to “significantly increase mutual investments”.

Szijjártó said that Hungarian pharma Richter will launch further development projects in Russia, while oil and gas company Mol will “look for further fields of exploration” in western Syberia and in the Volga-Ural region.

The European sanctions have considerably impacted Hungarian farm exports to Russia, but the exports of farm technology and engineering have increased dynamically, Szijjarto said.

Szijjártó also noted an agreement which could pave the way for Hungary-Russia cooperation in producing railway carriages for third countries.

Photo: MTI

Source: http://mtva.hu/hu/hungary-matters