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Jan 06, 2021

Foreign Minister strengthens Hungary's ties with Bulgaria

The foreign minister said that Hungary-Bulgaria economic ties are strengthening as top Hungarian companies boost their investments in Bulgaria.

 

Péter Szijjártó, Minister of Foreign Affairs and Trade, held talks with Bulgarian Deputy Prime Minister Marijana Nikolova by telephone on Tuesday. Afterwards, the minister said that Hungary-Bulgaria economic ties are strengthening as top Hungarian companies boost their investments in Bulgaria.

Minister Szijjártó added that Wizzair, which has bases in Sofia and Varna, is launching new flights despite the epidemic, helping to restart tourism in Bulgaria. Also, OTP Bank has become the second largest player in the Bulgarian banking market after acquiring a local bank.

The minister said both governments are focused on Hungary’s Bulgarian community, and the Hungarian government has increased its support thereof by thirty times. Bulgaria’s government, meanwhile, is making a large contribution to the construction of a new Bulgarian educational and cultural center in Budapest, the minister concluded.

Photo credit: Magyar Hírlap