Investment and trade deals worth more than 1 billion dollars

The talks between the President of the Republic of Uzbekistan Shavkat Mirziyoyev and the Prime Minister of Hungary Viktor Orban continued in an expanded format with the participation of the official delegations of the two countries.

The leaders noted that the elevation of Uzbek-Hungarian relations to the level of strategic partnership in 2021 was a truly historic event and fully aligned with the current development of the centuries-old friendship and mutually beneficial cooperation of our people.

Special attention was paid to further expansion of political, trade-economic, investment and cultural-humanitarian cooperation.

The head of our state noted that the volume of mutual trade has increased almost 3 times in recent years. The parties agreed to implement a plan to increase bilateral trade to 500 million dollars in the future.

Viktor Orbán noted that Hungary considers Uzbekistan an important and long-term partner. The rich program of this visit also testifies to the commitment to the comprehensive development of mutual communication.

An agreement was reached on giving a new strong impetus to cooperation in the fields of agriculture, transport, pharmaceuticals, textiles, food, electrical engineering, water conservation and industry.
For this purpose, the governments were instructed to quickly create a joint fund to finance priority projects.
In addition, business forums and exhibitions are held regularly, opportunities are used to the maximum, and all areas of mutually beneficial cooperation are covered.

The parties noted with pleasure that the successful conclusion of the recently held business forum, that is, the signing of investment and trade agreements worth more than 1 billion dollars, was a concrete practical result of effective cooperation.