Hungarian-Turkish summit has begun

Int’l Relations

Hungary’s foreign minister Péter Szijjártó will meet with Turkish economy minister Nihat Zeybekci and foreign minister Mevlüt Cavusoglu during a Hungarian-Turkish summit being held in Budapest today, the foreign ministry said in a press release.

The ministry said that Turkey’s role in CEE’s energy security is expected to grow significantly in the near future, as Russia is planning to deliver gas through the country now that the South Stream project has been scrapped. As a result, Turkey will play a key role in gas deliveries, as the country will be able to decide where to export the gas it receives from Russia. “It is in Hungary’s interest that Turkey send gas to the country” the statement said.

The parties will negotiate on bilateral economic cooperation between Hungary and Turkey. Hungarian exports to Turkey grew by 11.7%, exceeding $2 bln last year.

ADVERTISEMENT

Purchasing Managers' Index rises Analysis

Purchasing Managers' Index rises

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens 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.