The President of Uzbekistan proposed new agenda for business cooperation with Hungary

The program of the official visit of the President of the Republic of Uzbekistan Shavkat Mirziyoyev to Budapest began with a meeting with the heads of the largest companies and banks in Hungary, the press service of the head of our state reports.

The Hungarian side was represented by top managers and founders of OTP Bank, BDPST Group, 4iG, Indotek, MVM, Duna Group, MOL Group, H2O Consortium, Inpark, Wizz Air and many others.

In his speech, the head of our state emphasized the symbolism of the beginning of his official visit with a meeting with representatives of Hungarian business.

The dynamic growth of direct Hungarian investments in the economy of Uzbekistan was noted with satisfaction. Thus, OTP Bank previously acquired one of the largest banks in Uzbekistan and took a stable position in the financial market of our country.

New plans of OTP to create a joint company for the development of car loans, launch a business financing program, and build a large-scale poultry cluster were supported.

In order to expand industrial cooperation and encourage the transfer of advanced technologies, a special industrial zone for European companies is being created in the Tashkent region. The management of this zone will be transferred to the Hungarian operator Inpark.

In order to expand economic partnership, the President of Uzbekistan outlined a number of priority areas. Among them: co-financing of joint projects and support for the export of finished products to promising markets in third countries.

The importance of strengthening transport connectivity was emphasized, in particular, increasing freight traffic and developing direct flights between the two countries.

The head of our state highly appreciated the interest shown by Hungarian companies in implementing joint projects. In turn, business representatives voiced proposals and plans to expand the partnership.

During the meeting, agreements were reached on the implementation of new projects in such areas as the modernization of transport and road infrastructure, the construction of logistics centers and utility networks, the production of building materials, finished textiles, chemical products, and pharmaceuticals.

In conclusion, the head of state proposed holding meetings in this format on a regular basis.

– We will create all conditions for the development of strong ties between the business communities of our countries, – assured the President of Uzbekistan.

Following the event, a ceremony of exchanging agreements on the implementation of priority investment projects was held in the presence of the leader of our country.