The foreign minister said five food production companies are preparing investments totalling HUF 42 billion (EUR 120.7m) in Uzbekistan.
During an official visit to Tashkent, Péter Szijjártó, Minister of Foreign Affairs and Trade, said Hungarian companies will set up a plant producing plant-based oil, a cattle plant and a vegetable plant in the Central Asian country. Hungary concluded a strategic cooperation agreement with Uzbekistan two months ago, allowing Hungarian companies to take part in modernizing the country, Szijjártó said. “This is a huge advantage for export-oriented Hungarian companies,” he added.
The minister revealed that they also set up a Hungarian-Uzbek startup with a HUF 700 million of capital to boost cooperation between the two countries’ businesses. “The profits of Hungarian companies made here will help in their work at home, creating jobs in Hungary,” he said. “It is clearly in the nation’s economic interest for Hungarian companies to have the largest possible role in Central Asia’s fastest-growing economy,” he said.