Budapest, June 8 (MTI) – Péter Szijjártó, the foreign affairs and trade minister, on Wednesday met Romanian Economy Minister Costin Borc in Ningbo, China, to discuss bilateral economic relations, the foreign ministry said.

In their talks, held on the sidelines of a meeting of the Chinese and central and eastern European trade ministers, Szijjártó and Borc agreed that Romania over the next two years would complete the investments necessary for supplying gas to Hungary.

The ministers also agreed to expand the number of border crossing points between the two countries.

Szijjártó said Hungary’s Eximbank opened a 370 million euro credit line to support business activities between Hungarian and Romanian companies. Hungarian oil and gas company MOL, drugmaker Richter, energy company MVM and low-fare airline Wizz Air are also increasing their investments in the Romanian market, he added.

Szijjártó noted that last year Romania was Hungary’s second largest export market after Germany with bilateral trade turnover exceeding 7.3 billion euros.

Photo: MTI


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