Thursday, 22, February, 2024

Uzbek-Hungarian business forum was held in Budapest on Monday, which was attended by business leaders of the two countries. The forum was aimed at the comprehensive strengthening of ties between the business community of Uzbekistan and Hungary, as a fundamental condition for the further development of investment and trade and economic cooperation.

The opening ceremony of the forum was attended by Deputy PM/Minister of Investments and Foreign Trade Jamshid Khodzhaev and Minister of Foreign Affairs and Foreign Economic Relations of Hungary Péter Szijjártó.

“During the forum, Hungarian companies were provided with detailed information on investment opportunities, including in the fields of pharmaceuticals, agriculture, as well as electronics and electrical engineering, textile, automotive, chemical and construction industries. Of great interest to Hungarian manufacturers were the prospects for building effective chains of industrial cooperation with preferential access to the markets of the CIS and the EU due to the status of GSP + beneficiary received by Uzbekistan in April last year,” the report says.

During the business forum, G2B and B2B meetings were also organized between the heads of ministries, departments, industry associations, banks and leading companies of Uzbekistan and Hungary, during which participants were able to work out in detail the aspects of creating joint ventures and concluding mutually beneficial trade agreements.

Several bilateral documents, investment agreements and export contracts were signed at the forum, opening up new prospects for the development of economic and investment cooperation between Uzbekistan and Hungary.

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