Hungarian-Russian joint economic committee meets

Energy Trade

kormany.hu/Gergely Botár

Minister of Foreign Affairs and Trade Péter Szijjártó participated at a meeting of the Hungarian-Russian joint economic committee in Kazan, the capital of Tatarstan, Russia, on Friday. Szijjártó visited Kazan to open a Hungarian consulate general there. 

He told MTI that talks had started on boosting the amount of gas Gazprom stores in Hungary from 700 mln cubic metres last year to a possible 1.5 bln-3 bln cubic meters this year. Moscow supports the expansion of Hungarian oil and gas company MOLʼs exploration and production capacities in Russia, he said.

The Russian government also agreed to work with Hungary to prevent Hungarian drugmaker Richter from losing its market in Russia, he added. The sides agreed that Hungaryʼs Eximbank will set up an office in Moscow and open a $289 mln credit line for Hungarian SMEs doing business in Russia, Szijjártó said. He said a direct Budapest-Kazan flight would be launched and that Hungaryʼs Wizz Air would be an operator.

ADVERTISEMENT

Farm, food industry confidence improves slightly in Q2 Analysis

Farm, food industry confidence improves slightly in Q2

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.