The President of Uzbekistan proposed a 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 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 symbolic nature 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 large banks of Uzbekistan and took a stable position in the financial market of our country.

OTP’s new plans to create a joint company for the development of car lending, 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 in the Tashkent region, a special industrial zone for European companies. 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 of third countries.

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

The head of our state highly appreciated the shown interest of 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 modernization of transport and road infrastructure, construction of logistics centers and utility networks, production of building materials, finished textiles, chemical products, pharmaceuticals.

In conclusion, the head of state proposed holding meetings in this format at 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, in the presence of the leader of our country, a ceremony was held to exchange agreements on the implementation of priority investment projects.

Official website of the President of the Republic of Uzbekistan