Telegram founder agrees to register service in RussiaBusiness & Economy June 28, 16:50
St. Petersburg City Assembly votes against referendum on St. Isaac’s Cathedral issueSociety & Culture June 28, 16:43
Russia’s advanced Lider-class destroyer to get nuclear propulsion unitMilitary & Defense June 28, 16:06
Russia restarts production of engines for shipborne fighter jetsMilitary & Defense June 28, 15:54
Russian senate speaker calls for international cooperation in fight against cyber crimeRussian Politics & Diplomacy June 28, 15:46
Kremlin says ‘Petya’ ransomware attack validates Russia’s call to fight hackersRussian Politics & Diplomacy June 28, 14:51
Russian Navy may get new advanced aircraft carrierMilitary & Defense June 28, 14:39
Russia will boost military power against potential aggressors, Putin saysRussian Politics & Diplomacy June 28, 14:13
Moscow warns US against irresponsible steps in SyriaRussian Politics & Diplomacy June 28, 13:59
BUDAPEST, May 25. /TASS/. Russia and Hungary are interested in coping with plunging bilateral trade and triggering trade ties, Hungary’s Foreign Minister Peter Szijjarto said after talks with his Russian counterpart Sergey Lavrov on Wednesday.
"Last year’s trade turnover was down by 47% and it has dropped by another 25% year-to-date," the minister said, adding that "the losses total $4.5 bln.
"We have a common goal to stop this decline and trigger the development of trade and economic ties between Hungary and Russia," Szijjarto said. Hungary plans to establish closer ties with Russian regions and boost investment flow in Russia, he added.
The Russian foreign minister said Russia and Hungary need to assume additional measures to boost mutual trade turnover.
"We’ve discussed the whole mechanism of bilateral ties in detail. We’re united in the certainty that additional measures need to be taken to cope with declining trade turnover," Lavrov said.
According to Szijjarto, the decision made concerns regional cooperation and investments of Hungarian companies in Russia, "particularly, in the pharmaceutical sector." "We’re negotiating investment in construction," he said, adding that the sides "have managed to reach an agreement regarding one project on stadium construction for FIFA World Cup in Russia."