News in Brief
Parliament approves cooperation agreement between Hungary and the UAE
The agreement comprises cooperation in industry, trade, investments, tourism, logistics and related sectors.
Economic Cooperation
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News in Brief
FM: Hungary has a fundamental interest in forging stronger cooperation with India
The foreign minister said that India is expected to become the world’s third-largest economy within years, and its weight in global politics is growing.
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FM: Hungary and China can count on each other to “increase the voice of the peace camp”
The foreign minister said the war in Ukraine poses particularly serious challenges to the country, which is why Hungary “is arguing for peace” and wants the fighting to end as...
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FM: Hungary and Singapore believe in importance of national sovereignty
The foreign minister said Singapore is Hungary’s most significant trading partner in the region, adding that relations “are especially friendly”.
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FM: A politically motivated campaign is underway against Hungary over German investments
“What we are witnessing is that this campaign is turning into a sort of emotional blackmail,” Minister Szijjártó told an event organized by the DialogUngarn German-Hungarian economic organization in Budapest.
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FM: Supporting Africa is key to managing illegal migration to Europe
The foreign minister said a Hungarian-Ethiopian agreement in the works on economic cooperation and the elimination of double taxation is part of that effort.
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Hungary and South Korea sign MoU on boosting trade and investment development
Levente Magyar, the foreign ministry’s parliamentary state secretary, said Hungary counts on South Korea as a partner in shifting its labor-intensive economy to a knowledge-intensive economy.
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FM: Talks could lead to 8-10 billion euros worth of Chinese investment in Hungary
Péter Szijjártó said on Monday that he had met Wang Yi, the director of the Central Foreign Affairs Commission of the Chinese Communist Party, for the 15th time and Hungary profited greatly from cooperation with China.
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Agriculture Minister: Germany is traditionally Hungary’s most important partner
István Nagy said Germany is traditionally Hungary’s most important economic partner, and this applies to the agricultural sector too.
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Finance Minister: Strong Hungary-Kazakhstan ties benefit both countries
Minister Varga said Kazakhstan “is an important strategic partner” in Central Asia and a key player in the development of Hungary’s eastern relations.
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FM: Hungary and Iran are working on developing cooperation
The foreign minister said this could contribute to Tehran returning to peaceful coexistence in the international community.
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FM: Uzbekistan offers excellent opportunities for Hungarian companies
The foreign minister said Uzbekistan and Hungary have provided the conditions for mutually beneficial cooperation and “there are no political disputes between the two countries”.
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FM: Hungary-Laos partnership benefits both countries
Péter Szijjártó said the negative impacts of the war in Ukraine were being felt worldwide.