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Economy

Uzbek-Hungarian business forum held
08.11.2011 09:51
The forum of business circles of Uzbekistan and Hungary was held on 7 November in Tashkent in the framework of the official visit of President of Hungary Pal Schmitt.

The forum participants discussed expansion of Uzbek-Hungarian trade-economic and investment cooperation. It covered areas like bilateral trade, investment, fuel and energy, banking and finance, construction, agriculture, food, pharmaceuticals, chemical industry, healthcare, transport and transport communications, information technologies, electronics, tourism and others.

Deputy minister for foreign economic relations, investments and trade of Uzbekistan Shavkat Tulyaganov noted the consistent development of cooperation between the two countries in all spheres.

Uzbekistan and Hungary enjoy the most preferential treatment regime in trade. In 2010, the volume of bilateral trade increased by 37%.

Hungary attaches great importance to cooperation with Uzbekistan, said deputy minister of economics of Hungary Roza Nagy. At the business forum, a number of documents in various areas were signed. This opens great opportunities to jointly implement many promising projects.

The Hungarian business people were provided with detailed information about the main areas for investments in Uzbekistan, in particular in the Navoi free industrial and economic zone. A number of large companies of Hungary expressed intention to expand their operations in Uzbekistan.

At the business forum, the sides signed agreements on strengthening cooperation between the two countries in trade and industry, investments, banking and finance, energy, medicine, pharmaceuticals, tourism, food and chemical industries, UzA informs.

The forum completed with a cooperation exchange, in which representatives of companies and enterprises of Uzbekistan and Hungary participated.

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