Coop With Russia In Hungary’s Economic & Security Interest

  • 19 Sep 2018 6:28 AM
  • Hungary Matters
Coop With Russia In Hungary’s Economic & Security Interest
Cooperation with Russia is in Hungary’s economic and national security interests, Foreign Minister Péter Szijjártó told public media in Moscow, ahead of a meeting between Hungarian Prime Minister Viktor Orbán and Russian President Vladimir Putin.

“Hungary has always had an interest in pursuing pragmatic cooperation with Russia, based on mutual respect and common sense,” he said.

A large portion of Hungary’s energy supply comes from Russia, he noted. “We in central Europe know that dialogue is ... necessary, and cooperation must be based on trust,” he said. Outlined his talks in Moscow yesterday, Szijjártó said a cooperation and development pact that served Hungary’s best interests was on the agenda.

The launch of a flight between Budapest and Kazan, the third between Hungary and Russia, is within reach, he said. Hungary is also set to increase its role in Moscow’s International Investment Bank, which already handles Hungarian projects worth 70 million euros, he said. Talks are under way on Hungary buying about 4.1 billion cubic meters of natural gas from Russian energy giant Gazprom to cover the country’s energy needs in 2020, he said.

Also, Budapest’s water company will receive commissions for value-added projects on the Russian market, he said. Szijjártó on Monday met Russian Minister of Trade and Industry Denis Manturov, Minister of Health Veronika Skvortsova, Nikolai Fyodorov, the first deputy chairman of the Federation Council, Deputy Finance Minister Sergei Storchak and Gazprom CEO Alexey Miller.

MTI Photo Foreign Ministy

Related links

Orbán Meets Putin & Appreciates Russia Ties

Ties With Russia Increasingly Beneficial To Hungary?

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

  • Hungary-US Trade Record Broken

    Hungary-US Trade Record Broken

    • 8 Mar 2024 7:45 AM

    Hungarian-American bilateral trade set a new record, exceeding 9 billion dollars last year, while US investments continue to flow into Hungary, Péter Szijjártó, the minister of foreign affairs and trade, said in Washington, DC, noting that the United States is Hungary’s biggest export market outside the European Union.

  • Nestlé to Expand Pet Food Facility in Western Hungary

    Nestlé to Expand Pet Food Facility in Western Hungary

    • 18 Feb 2024 1:12 PM

    Swiss-owned Nestlé Hungária is investing 55 billion forints (EUR 141.3m) to expand its pet food facility in Buk, in western Hungary, the minister of foreign affairs and trade said, adding that the investment will create 130 jobs.

  • New HUF 45 Billion E-Mobility Investment in W Hungary

    New HUF 45 Billion E-Mobility Investment in W Hungary

    • 13 Feb 2024 6:42 AM

    Multinational automaker Stellantis is investing 45 billion forints (EUR 116.2m) in moving the “key element” of its electromobility strategy to Hungary, securing the future of the Opel plant in Szentgotthárd, in western Hungary, the minister of foreign affairs and trade said.

  • Audi Hungária Breaks Ten-Year Output Record

    Audi Hungária Breaks Ten-Year Output Record

    • 19 Jan 2024 10:10 AM

    Audi Hungária turned out 177,000 cars at its production base in Győr, in north-western Hungary, last year, breaking an output record, Péter Szijjártó, minister of foreign affairs and trade, said.