Georgia, Hungary sign memorandum of understanding
Tbilisi, Georgia, Nov. 8
By Nana Kirtzkhalia - Trend:
Georgia and Hungary signed a memorandum of understanding in the field of e-communications and information technologies.
The document was signed by Georgian Economy Minister Giorgi Kvirikashvili and Hungarian Minister of Foreign Affairs and Trade Peter Szijjártó.
"Hungary is interested in intensifying the economic, trade and investment relations with Georgia, including the construction of ski resorts and a deep sea port in Anaklia," Kvirikashvili said. "The Hungarian side is also interested in investing in the power engineering."
"Hungarian Eximbank has allocated a half billion dollars to invest in Georgia," Kvirikashvili said. "We agreed with Szijjártó that a joint foundation, which will make this investment, will be established. We also signed a memorandum on cooperation in the field of e-communications and information technologies. Hungary is one of the leaders in this field. I hope that this partnership will be beneficial to us."
Szijjártó reiterated that Hungary supports the European and Euro-Atlantic course of Georgia.
"Our goal is to strengthen the trade-economic cooperation with Georgia, especially in the sphere of high technologies," Szijjártó said. "Hungary is one of the leading countries in the field of e-communications and information technologies. We want to share our experience with Georgia. The trade turnover between Georgia and Hungary increased by eight percent in 2013."