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Hungary, Bulgaria to ink economic cooperation

Int’l Relations

Hungary and Bulgaria are expected to sign an economic partnership agreement and establish a joint economic committee, Hungaryʼs foreign minister Péter Szijjártó said today, according to reports.

Péter Szijjártó speaks at Hungarian-Bulgarian business forum today. (Photo: MTI/Tibor Illyés)

Speaking at the Hungarian-Bulgarian business forum held in Budapest today, the minister stressed that trade between the two countries grew 14% last year to €1.3 billion, including Hungarian exports valued at €955 million.

Szijjártó added that the Hungarian Eximbank will open a €370 mln credit line to encourage partnerships between Hungarian and Bulgarian businesses, news agency MTI reported.

The two countries could cooperate successfully in several areas and the development of bilateral economic relations could create opportunities for jointly entering third markets, Bozhidar Lukarski, Economy Minister of Bulgaria, said at the business forum, MTI reported.

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