The signing of an investment protection agreement between Hungary and Kyrgyzstan, which was recently approved by the European Commission, will strengthen the legal basis for cooperation between the two countries, Péter Szijjártó, the foreign affairs and trade minister, told a Kyrgyz-Hungarian business forum in Bishkek. The minister announced a new 50 million US dollar joint investment fund operated by Hungary’s Eximbank and its international partners. Hungary has also offered its help to clean up environmental damage in Kyrgyzstan.
Further, 75 Kyrgyz students will start studying at Hungarian universities in the next academic year. Also, ten Kyrgyz government officials will spend a week in Hungary studying the country’s economic and structural changes that have produced the EU’s fastest growth rate, he said.
Szijjártó expressed appreciation for Kyrgyzstan’s efforts to fight terrorism and protect its borders, as well as to tamp the flow of extremists and ideologies. This, he added, was not straightforward in Afghanistan’s neighbourhood. Hungary, he said, supports Kyrgyzstan’s application to become a member of the UN Security Council in 2027.