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Hungary-Angola Trade Turnover up 43% This Year

MTI-Hungary Today 2020.11.18.

The annual trade turnover between Hungary and Angola increased by 43 percent this year, Foreign Minister Péter Szijjártó said on Facebook on Wednesday.

Speaking after a phone call with Tete Antonio, his Angolan counterpart, Szijjártó, who is currently in quarantine having contracted coronavirus, said they had discussed bilateral cooperation and the 45th anniversary of the two countries’ establishment of diplomatic ties.

Hungarian businesses have found significant opportunities to expand their presence in Angola’s food processing and electronic public administration sectors, Szijjártó said. To protect their investments, Hungary and Angola will speed up their talks on agreements on the avoidance of double taxation and the mutual protection of investment projects, he added.

Szijjártó noted that Angola is set to assume the presidency of the Community of Portuguese Language Countries (CPLP). Close cooperation within the organisation — in which Hungary has observer status — will help open the doors to even more countries, he said.

Hungary Reopens Embassy in Luanda, Strengthens Ties with Angola
Hungary Reopens Embassy in Luanda, Strengthens Ties with Angola

Speaking in Luanda, Foreign Minister Péter Szijjártó announced that Hungary will increase its focus on Angola in the future, both for economic and security reasons,  before the official reopening of the Hungarian Embassy. Speaking to MTI by phone, the Minister of Foreign Affairs said that Angola was making “incredible efforts to fight the huge migration […]Continue reading

The minister also said Hungary will increase the number of scholarships it offers to Angolan university students to 50 a year.


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