05.10.22
Uzbekistan and Hungary have agreed to establish a fund to finance joint priority projects. There will also be an industrial zone in Uzbekistan only for Hungarian companies.
This became known following the meeting of the President of Uzbekistan Shavkat Mirziyoyev with the heads of leading companies and banks in Hungary.
During the meeting, prospective areas of mutually beneficial cooperation in such areas as pharmaceuticals, agriculture, food industry, electronics and electrical engineering, chemical, textile, leather and automotive industries were discussed.
The meeting announced the creation of a joint fund to finance priority projects, which will be launched in the near future. It was also proposed to allocate a separate industrial zone exclusively for Hungarian companies, providing it with the entire necessary production infrastructure.
According to the President of Uzbekistan, future joint projects, the realization of scientific developments, design innovations and technologies of Hungarian partners as part of their implementation will have a great synergetic effect. At the end of the meeting, an agreement was reached on the adoption of a comprehensive "Roadmap" for the practical implementation of all initiated projects, specifying specific deadlines and responsible performers. The heads of ministries and departments of Uzbekistan were instructed to provide all possible assistance to Hungarian partners in the implementation of successful business activities.
On the eve of the Uzbek-Hungarian business forum, investment, trade and financial agreements were concluded for more than $ 1 billion.
