Shavkat Mirziyoyev meets with Hungarian business leaders to discuss new investment projects

The Hungarian delegation included top managers and founders of companies such as OTP Bank, BDPST Group, 4iG, Indotek, MVM, Duna Group, MOL Group, H2O Consortium, Inpark, Wizz Air, and several others.

In his remarks, President Mirziyoyev emphasized the symbolic significance of starting his official trip with a meeting with Hungarian business leaders.

He noted with satisfaction the steady growth of Hungary’s direct investment in Uzbekistan’s economy. For instance, OTP Bank has acquired one of Uzbekistan’s major banks and established a solid presence in the country’s financial market.

The president expressed support for OTP Bank’s new plans, including setting up a joint company for auto lending, launching a business financing program, and developing a large poultry cluster.

To promote industrial cooperation and advanced technology transfer, a special industrial zone for European companies is being established in Tashkent region. The management of this zone will be entrusted to Hungary’s Inpark operator.

President Mirziyoyev outlined several priority areas to further deepen economic partnership. These include co-financing joint projects and supporting the export of finished products to promising third-country markets.

He also stressed the importance of improving transport connectivity - particularly increasing freight traffic and expanding direct air travel between the two countries.

The President praised Hungarian companies’ growing interest in implementing joint projects. In turn, business representatives shared their proposals and plans for expanding cooperation.

Agreements were reached on launching new projects in various sectors, including the modernization of transport and road infrastructure, construction of logistics hubs and utility networks, and the production of building materials, ready-made textiles, chemical products, and pharmaceuticals.

In conclusion, President Mirziyoyev proposed holding such meetings on a regular basis.

"We will create all the necessary conditions to strengthen ties between the business communities of our two countries," he said.

At the end of the meeting, a signing ceremony took place in the presence of the President, during which agreements were exchanged on implementing key investment projects.