Trade between Hungary and the countries of the Turkic Council has doubled over the past ten years to reach four billion dollars, Hungarian Foreign Minister Péter Szijjártó told public media in Baku where he attended a meeting of the council’s foreign ministers, according to Daily News Hungary.
Hungary has opened a 577 million euro credit line with Eximbank to finance corporate cooperation between Hungary and the council members, Turkey, Azerbaijan, Kazakhstan and Kyrgyzstan, the minister said. Hungarian companies in the pharmaceutical, water management, logistics and construction sectors will see new opportunities opening up in the region, he added. Ties with the region are also strengthened by the 705 students from the member states studying in Hungary with government grants, Szijjártó noted.
On the sidelines of the meeting, Szijjártó attended a business forum and held bilateral talks with foreign ministers Elmar Mammadyarov of Azerbaijan, Abdulaziz Kamilov of Uzbekistan and Mukhtar Tileuberdi of Kazakhstan.