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Hungary In Talks With Turkmenistan Over Possible Economic Cooperation

Tamás Székely 2015.06.05.

Turkmenistan wants Hungarian products and services and the country is ready for cooperation in various areas, László Szabó, state secretary at the Hungarian Foreign Ministry, said during a two-day visit to Turkmenistan. Szabó attended the Hungarian-Turkmen Economic Cooperation Mixed Governmental Committee’s inaugural meeting, where pledges were made to multiply bilateral trade between their countries in the coming years.

Opportunities will open up for Hungarian companies to do business in water management, irrigation technology and waste management, he said. The Turkmen side wants to raise the export of livestock and processed products from Hungary to Turkmenistan. More than 40 animal reproduction centres are planned to be opened in the country, with cooperation opportunities for Hungarian firms, Szabó said, adding that energy cooperation is a priority.

Turkmenistan has high regard for Hungarian expertise in the pharmaceuticals sector, and the local outfit of Hungary’s Richter Gedeon is one of the most successful players on the Turkmen market, he said. The Hungarian firm Umirs Europe is building a border protection system in Turkmenistan with financing help from Eximbank. Hungarian equipment has been shipped and now the system is being assembled, he said.

The first meeting of the Intergovernmental Turkmen-Hungarian Commission on economic cooperation was held in Ashgabat, and it was attended by the heads and representatives of leading ministries and departments of the two states. The agenda of the meeting included the issues of deepening the cooperation in trade and economic sphere, diversification of energy supplies and use of the renewable sources of energy, cooperation in the transport sector and the interaction in the sphere of information technologies, the Foreign Ministry of Turkmenistan said.

via hungarymatters.hu and mfa.gov.tm photo: public domain