ADVERTISEMENT

Hungary, Oman coming together on aviation, sport, water management

History

Foreign Ministry Deputy State Secretary Péter Wintermantel concluded an official visit to Oman this week in a bid to exploit “many opportunities to deepen [the two countries’] relations” beyond oil-and-gas interests. On the table were possible cooperative efforts in water management, sport and civil aviation.

Wintermantel told media that “We feel we can be a useful and natural partner to Oman in the other part of the world. … We have very promising figures. If we look at our bilateral trade, although it is not large in numbers, it’s grown steadily.”

Beyond doing some foreign policy consultation with Omanese Foreign Minister for Diplomatic Affairs Undersecretary Ahmed bin Yousuf Al Harthy, Wintermantel met with ministers in energy, civil aviation, and investment/exports.

Wintermantel assessed current trade relations between Hungary and Oman as generally positive, saying “We have some very good Omani investments in Hungary, mainly in the real estate business. [In addition,] Oman Oil Company owns a large share in [MOL], which has some drilling blocks here. The two share very good cooperation and often exchange experts.”

With no mention of the alleged Oman-based investment in the embryonic Sólyom Hungarian Airways that fell through under previous management, Wintermantel touted possible agreement between the nations on a civil aviation Memorandum of Understanding (MoU): “Though no concrete plans are yet in place, since we no longer have a national carrier, we are hopeful. We have the [budget airline] Wizz Air, that launched a new route from Hungary to Dubai. They were the first to use the new airport in Dubai. So we have a connection to the region. We just hope that an MoU will expand the outreach area we can cover. This can facilitate possible direct flights in the future.”

One agreement that has come to fruition as a result of the visit is a sports exchange. Oman will be sending a delegation to “take advantage of our expertise in sports management and sports facility building,” explained Wintermantal, and “we can provide coaches for Oman in canoeing and fencing. We have sports coaches from Hungary in Qatar, Kuwait and UAE in many different sports.”

Other areas in which Wintermatel sees future bilateral cooperation include water management, medical training, ICT, education and tourism.

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.