The must-have newsletter about Hungary

Related Articles

SZIJJÁRTÓ: TRADE WITH RUSSIA INTENSIFYING

 

“What we’re seeing now is that the major western European countries are quickly intensifying their economic, trade and investment cooperation with Russia,” Foreign Minister Péter Szijjártó said in St. Petersburg after signing a new import deal with Russian officials. “We haven’t reached that pace but the deals signed today are again a step forward for enhancing Hungary’s energy supply and foreign trade performance.” Szijjártó said gas supply talks with Russia would from now on focus on 2021 and beyond. The minister welcomed the resumption of Russian oil flows to Hungary and that Hungarian and Russian companies were able to clarify the problems that had led to Russia suspending its oil supply.
On the topic of bilateral trade, Szijjártó noted that Hungarian drugmaker Richter will start manufacturing its product known as Cariprazine in Russia. The product has already been registered in the country and talks on making it a state-subsidised drug are ongoing, Szijjártó said. As regards transport links, he said a direct flight between Budapest and Kazan will start operating later this year. Szijjártó also said he had signed an economic agreement with Samara county, Russia’s leading automotive region. He said the two countries also finalised the text of a cooperation agreement on social security, which they will soon sign.
On the sidelines of the forum, Szijjártó also met Nenad Popovic, Serbia’s minister for innovation and technological development, and Egyptian Trade and Industry Minister Amr Nassar.