Great perspective in Belarus-Hungary cooperation

The Hungarian and the Belarusian governments signed an agreement on fostering and protecting investments in both countries after a two-day meeting of the bilateral economic cooperation intergovernmental committee in Budapest on Friday.

The two countries mull cooperation in finances, industry, the construction sector, agriculture, water management and health industry, Belarusian deputy foreign minister Oleg Kravchenko told a press conference after the meeting.

On the sidelines of the meeting, nine Belarusian and 40 Hungarian companies participated in a forum organised by the two countries’ commerce and industry chambers. The Belarusian companies looked for Hungarian partners mainly in the wood and food industries, farm machinery production, textile industry and tourism.
Hungary’s state-owned National Trading House (MNKH) and National Accrediting Authority signed letters of intent on cooperation with their Belarusian counterparts. The association of Hungarian construction entrepreneurs Evosz also signed a cooperation agreement with two of its partner organisations.

According to BelTA news agency, Kravchenko met with Zsolt Csutora, Deputy State Secretary of the Hungarian Ministry of Foreign Affairs. Bilateral cooperation was discussed as well as the expansion of trade, economic, and humanitarian relations, including in view of Belarus’ presidency in the Central European Initiative. The sides agreed further steps on fulfilling the arrangements made during the meeting of the Belarusian and Hungarian prime ministers on 27 November.

Oleg Kravchenko met with Levente Benko, Deputy State Secretary, Political Director of the Hungarian Ministry of Foreign Affairs. The expansion of the Belarus-European Union dialogue was discussed as well as results of the recent Eastern Partnership Initiative summit in Brussels, the development of the situation and the state of security in the region.

On 30 November Oleg Kravchenko took part in a Belarusian-Hungarian business forum, which had been organized by the chambers of commerce and industry of the two countries. Over 60 Hungarian and Belarusian companies were represented during the forum. The Belarusian side informed forum participants about opportunities for doing business in Belarus, about priority directions in advancing Belarus-Hungary trade, economic, and investment cooperation. “Hungarian and Belarusian economic cooperation is a market that holds perspective for both countries” the Ministry of Foreign Affairs and Trade’s Minister of State for Cultural and Science Diplomacy and Co-Chair of the Hungary-Belarus Inter-Governmental Committee for Economic Cooperation Istvan Ijgyarto said at the event.

He highlighted the fact that cooperation is being facilitated by the fact that there is a direct air passenger service between Budapest and Minsk, and that dependable funding systems have been established to help SMEs reinforce economic relations.


Source: MTI, BelTA,
Photo: Belarus MFA

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