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GOVT OFFICIAL PRAISES HUNGARY-SLOVAKIA COOPERATION

 

Levente Magyar, state secretary at the foreign ministry, attended a session of the Hungary-Slovakia joint economic committee in Komárom, in northern Hungary, and said that the two countries had notched up a number of achievements in bilateral cooperation in recent years. The official said the electricity grids of the two countries still needed to be connected, but preparations to do so were under way. Concerning plans for more transport links, Magyar noted a new bridge being built across the River Danube near Komárom, and reconstruction of the M15 motorway, which will provide fast road access between Budapest and the Slovak capital. Magyar said bilateral trade was “outstanding”, and added that Hungary and Slovakia would make efforts to further increase the current 35-40 percent contribution of small and medium-sized ventures to trade turnover. The Hungarian government is providing loans and grants to encourage small companies to embark on cross-border ventures, he said.