TASHKENT, Uzbekistan, May 7. Uzbekistan and Hungary plan to triple the joint investment fund to $150 million, Trend reports.
"In Tashkent, Péter Szijjártó, Hungary's Minister of Foreign Affairs and Trade emphasized the mutual benefits of Hungarian-Uzbek cooperation and announced potential expansion into the energy sector," Zoltan Kovacs, Hungary's Secretary of State for International Communication, wrote on his page on X.
He noted that trade between the two nations has exceeded 100 million euros, with domestic companies preparing investments in special economic zones.
Uzbek-Hungarian Business Forum was held as part of the IX meeting of the Uzbek-Hungarian Intergovernmental Commission on Economic Cooperation. Over 200 business community representatives, chiefs of ministries and agencies, and specialists attended the event to talk about current cooperation concerns and find new promising areas for joint project execution and trade connections growth.
Laziz Kudratov, Minister of Investment, Industry and Trade in Uzbekistan, and Peter Szijjarto the Minister of Foreign Affairs and Trade in Hungary, attended the forum.
At the forum, participants presented investment projects and organized 137 B2B and G2B meetings, planning to develop new joint venture projects and conclude mutually beneficial trade agreements.