Russia doesn't understand why Kiev still continues operation in Donbass — LavrovRussian Politics & Diplomacy December 02, 22:59
Russian field engineers take off for Syria to take part in Aleppo demining operationMilitary & Defense December 02, 21:24
Putin praises Hermitage Museum for its efforts in restoring PalmyraSociety & Culture December 02, 21:03
Lavrov says 'Crimea is not a problem, it is a part of Russia'Russian Politics & Diplomacy December 02, 20:42
Russian top diplomat says Syria cannot repeat Libya’s fateRussian Politics & Diplomacy December 02, 19:53
Key facts about the '90s price liberalization in RussiaBusiness & Economy December 02, 19:46
Russia's antimonopoly watchdog: Google will not 'get off with fines'Business & Economy December 02, 19:32
Lavrov wonders why UN is not using Castello Road to deliver humanitarian aid to AleppoRussian Politics & Diplomacy December 02, 19:24
Top diplomat calls to motivate Libyan parties towards mutually acceptable agreementsRussian Politics & Diplomacy December 02, 19:02
NOVO-OGARYOVO, January 14 (Itar-Tass) - Trade turnover between Russia and Hungary for 2013 is expected to show better results than before, Russian President Vladimir Putin said on Tuesday after talks with Hungarian Prime Minister Viktor Orban.
“We have discussed some issues of mutual trade which we already raised at a meeting the year before last,” Putin said. “However, we hope that the year 2013 will show some better results.”
“Hungary is an important partner for Russia, with which we maintain active trading and economic relations,” Putin said, adding that Russia is also Hungary’s main trading partner outside the European Union, being third after Germany and Austria. In January-October 2013 mutual trade totalled $7.2 billion (in the whole of 2012, $9.7 billion).
The head of state also noted “a good investment process” in Russian-Hungarian relations, with Russia’s total exposure to the Hungarian market at $1.5 billion and Hungary’s investments in the Russian economy worth nearly $2 billion.
The countries are biggest investment partners. Major Hungarian investors include the OTP Bank (with its equity capital worth 24 billion roubles and active assets worth 147 billion roubles), the pharmaceutical company Gedeon Richter (a pharmaceutical plant in the Moscow region) alongside the oil and gas company MOL Group (oil production in the Tomsk region in Russia’s Siberian federal district). Russian investors in Hungary are represented by Russia’s largest private oil firm LUKOIL (a network of 75 filling stations and an oil storage facility) and the largest state-controlled bank Sberbank, which acquired assets from Austria’s Volksbank in 2012.