BAKU, Azerbaijan, Dec. 15
By Klavdiya Romakayeva - Trend:
Hungarian companies applied for governmental support for their future investments in the Uzbek market within National Export Protection Program, the press service of the Ministry of Foreign Affairs and Trade of Hungary told Trend.
The Hungarian Government - as a part of the Economic Protection Action Plan - has launched the National Export Protection Program. The eligibility of the projects is currently under consideration.
Hungary also follows and studies every investment that develops and uses the same nuclear technologies as the Paks Nuclear Power Plant, which is the first and only operating nuclear power station in Hungary. In 2019, its four reactors produced more than 50 percent of Hungary's electricity production.
“Hungary also does and is willing to cooperate in the fields of peaceful uses of atomic energy,” the ministry noted.
In addition, the Memorandum of Understanding on “Simplified Registration of Medicinal Products in Hungary” was signed in Tashkent on 19 November 2020.
According to the ministry, the agreement facilitates the activities of Hungarian pharmaceutical companies in Uzbekistan and enables the people of Uzbekistan to receive quality, safe and affordable medications faster than before.
Regarding the accession of Uzbekistan to the World Trade Organization (WTO), European Union (EU) member states have a coordinated position represented by the European Commission.
“Hungary supports the WTO accession of Uzbekistan and supports the technical assistance provided by the EU for Uzbekistan in the accession process,” the source in the ministry said.
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