BAKU, Azerbaijan, May 5. The Hungarian-Kyrgyz Development Fund's authorized capital will be increased to $50 million, Trend reports with reference to the Foreign Ministry of Kyrgyzstan.
During the second meeting of the Hungarian-Kyrgyz Strategic Council, the decision to raise the fund's capital from $16 million to $50 million was announced.
The development of the fund's work, as well as the implementation of projects within the fund's framework and concerns relating to the Hungarian-Kyrgyz Business Council's activities, were also discussed.
Moreover, The Hungarian side was invited to hold its next meeting in Bishkek.