Márton Nagy, the Economic Development Minister, met Mehmet Fatih Kacir, Turkey’s new industry and technology minister, and Ömer Bolat, the trade minister. The meeting was held on the sidelines of a meeting of the Hungarian-Turkish High-Level Strategic Cooperation Council, convened in Budapest on Monday by Prime Minister Viktor Orbán.
According to MTI, the sides reviewed current economic developments as well as industrial and commercial cooperation opportunities. Nagy said Hungary was turning itself into a hub of Eastern and Western capital and technology. They agreed on the importance of mutual investment promotion, and cooperation in the construction sector and in third countries as well as in the green transition. In 2022, Turkey was Hungary’s 21st largest trading partner and trade turnover amounted to 3.5 billion US dollars. Hungary’s three major export products in that year were vehicles, electrical machinery, devices and instruments and their electrical components. Almost 100 Turkish companies employ nearly 2,000 people, and hundreds of new jobs may be created in the future thanks to Turkish investments, the ministry said in a statement. Broadening economic and trade ties would focus on energy, logistics, pharmaceuticals, construction, agriculture and the food industry, it added.