Briefing notes

Hungarian-Uzbek economic cooperation is becoming stronger

Companies working to strengthen relations are being assisted by the Hungarian Embassy in Tashkent.

Foreign Minister Péter Szijjártó confirmed at a press conference on Wednesday that the government will provide all the financial and institutional conditions necessary to further develop the Hungarian-Uzbek economic cooperation. 

The minister announced that EXIM has a USD 100 million budget for foreign trade between Hungary and Uzbekistan, as well as for joint ventures and joint tenders in third markets. The Hungarian embassy in Tashkent is also helping businesses working to strengthen bilateral relations, he added.

The minister noted the 650,000 masks that Uzbekistan sent to Hungary during the most difficult phase of the epidemic, and Hungary will support Uzbekistan in concluding various EU agreements. He considers it important to strengthen cooperation because Central Asia might be one of the most developing regions in the world after the crisis.

The Uzbek Deputy Prime Minister welcomed the fact that relations between the two countries continued to develop last year, despite the difficulties, and hopes that 2021 will be a historic year for their cooperation. According to Sardor Umurzakov, his country has no such relationship with any other European country; he further stated that the current period, even before the coronavirus crisis ends, should be focused on strengthening the economy.

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