Kuwaiti Investment Office chief reviews opportunities in Hungary

Int’l Relations

State secretary for foreign affairs and external economic relations Péter Szijjártó met with the chief of the Kuwaiti Investment Office, Osama Al-Ayoub in Budapest on Wednesday, the state secretary's press chief told MTI. The two men reviewed the situation in branches of the Hungarian economy in which Kuwait could invest, sectors such as farming, infrastructure development and the property market, said Éva Varga. Szijjártó informed his Kuwaiti partner about the Hungarian government's economic and energy policy, measures taken in the interest of the country's energy security, and energy industry investments, she added. The Kuwaiti Investment Office, a part of the Kuwaiti Investment Authority, a sovereign wealth fund that manages 10% of the country's oil revenue, earlier signed a declaration of intent on cooperation with MFB Invest, a unit of the Hungarian Development Bank. The Hungarian-Kuwaiti Joint Economic Committee will hold its next meeting in Budapest at the beginning of May.


Gen Gov't Deficit to Reach 6.1% of GDP in 2022 - Varga Analysis

Gen Gov't Deficit to Reach 6.1% of GDP in 2022 - Varga

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed


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.