Weekly newsletter

FM Szijjártó: Economic Cooperation with Turkic Countries Benefits Hungary

MTI-Hungary Today 2021.07.26.

Hungary’s foreign policy strategy of opening to the East has proven to be successful over the past ten years, with economic cooperation with the Turkic countries greatly benefiting the country’s national economy, Foreign minister Péter Szijjártó said in Istanbul on Monday.

Hungary’s exports to member states of the Turkic Council, Azerbaijan, Kazakhstan, Kyrgyzstan, Turkey and Uzbekistan, have increased by 77 percent and the volume of trade with these countries has doubled during the period, th minister Szijjártó said at a joint press conference with Baghdad Amreyev, the secretary general of the Turkic Council.

Hungary’s exports to the Council’s countries this year have gone up by 43 percent, Szijjártó said, adding that all of the country’s increasing exports had greatly contributed to achieving its economic growth target.

FM Szijjártó Warns EU Politicians Not to Criticise Turkey
FM Szijjártó Warns EU Politicians Not to Criticise Turkey

It is in the interest of Hungarian security policy, health care, the economy and energy policy to strengthen ties with Turkey, Péter Szijjártó, the minister of foreign affairs and trade, told a press conference after talks with Turkish counterpart Mevlut Cavusoglu. Szijjártó noted that Turkey currently hosts four million migrants. “If they all broke out […]Continue reading

The foreign minister said Hungary will join the alliance of Turkic Chambers of Commerce and Industry which will hold its next business forum in Budapest in September. Hungary will also participate in the setting up of a Turkic Investment Fund and a Turkic Development Bank, he said.

Szijjártó further noted Hungary’s role in establishing an institute of drought prevention under the auspices of the Turkic Council. “This is expected to give a boost to the exports of Hungarian water management and agricultural technologies,” he said.

In terms of education cooperation, Szijjártó highlighted great interest among the youth in the five Turkic Council’s member states, noting a sixfold overregistration for the 870 scholarships offered at Hungarian universities.

House Speaker: "Our Turkic Brothers Have Accepted Us as One of Them"
House Speaker:

House Speaker László Kövér attended a plenary session of the Parliamentary Assembly of Turkic Speaking Countries (TURKPA) in Izmir on Wednesday. “Our Turkic brothers have accepted us as one of them,” Kövér said in his address to the assembly, referring to the fact that Hungary has been an observer in TURKPA since 2014 and in […]Continue reading

Answering a question, Szijjártó said Hungary had been motivated to join the Turkic Council by the great contribution its member states are expected to make as a region to the global economy in future.

Responding to another question, the foreign minister noted the participation of Hungarian companies helped by Eximbank’s 100 million dollar credit line in transport, health-care and water management infrastructure reconstruction projects in the Karabakh region.

Featured photo via Péter Szijjártó’s Facebook page