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FM says Hungary and Russia will attempt to resolve all outstanding issues in one package

Hungary aims to settle all unresolved economic issues with Russia as part of a single package, and the Russian partners had earlier shown willingness to do the same, but “several questions need further clarification at an expert level”, Foreign Minister János Martonyi wrote in a response to questions regarding Hungarian-Russian economic relations from a Hungarian Socialist Party MP.

Martonyi wrote that the outstanding issues include the future of troubled Hungarian national airline Malév in which Russian state-owned Vnesheconombank owns an indirect stake, Russian oil and gas company Surgutneftegas's stake in Hungarian peer MOL, expansion of the Paks Nuclear Power Plant, possible Russian participation in construction of the Budapest Metro's fourth line, the expansion of the broad-gauge railway line in Hungary and the extension of the gas-purchase contract between the two countries set to expire in 2014.

“Our ideas do not always coincide with those of the Russian government ... Talks have not yet brought about a breakthrough, but they were exceptionally useful in order to make standpoints clear in an open and candid way”, Martonyi added.

The foreign minister noted in the response that Hungary is seeking export opportunities connected to regional-development projects taking place in preparation for the 2014 Winter Olympics in Sochi, Russia. (MTI – Econews)