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Jan 13, 2020

Hungary builds relations with Latvia

Hungary sees bilateral cooperation in defense, political and economic issues with Latvia as mutually fruitful.

The foreign minister has said Hungary sees bilateral cooperation in defense, political and economic issues with Latvia as mutually fruitful.

Following talks with his Latvian counterpart, Edgars Rinkēvičs, Péter Szijjártó said he welcomed that the two governments have similar positions in many areas regarding the future of Europe.

According to MTI, the minister said both Hungary and Latvia are committed to supporting the enlargement of the European Union and see it as a mistake that the EU has failed to make the decisions necessary for the integration of Western Balkan states.

Minister Szijjártó said that in the debate regarding the EU’s budget for the 2021-2027 financial cycle, both countries argue for keeping the significance of cohesion funds and reject “subjective requirements” in the distribution of EU funds.

The minister noted that Hungary and Latvia reject the mandatory quotas for resettling migrants and the UN’s global migration package.

Finally, in economic cooperation, Hungary’s Eximbank has opened a credit line of 360 million euros to bolster cooperation between Hungarian and Latvian companies. Hungary also supports Latvia’s bid as a temporary member of the United Nations’ Security Council in 2026-2027.

Photo credit: Mandiner