Serbia’s PM believe Russia concerned by instability in BalkansWorld March 28, 3:40
About 3,000 troops to take part in missile force’s drills in central RussiaMilitary & Defense March 27, 20:55
Russian footballers must ‘force own game’ on Belgium in Sochi friendly match — coachSport March 27, 20:34
UN denies rumors of Staffan de Mistura’s resignationWorld March 27, 20:16
Prominent Russian lawyer vows to look into detention of journalists during Moscow ralliesRussian Politics & Diplomacy March 27, 20:05
Kremlin says world chess tournaments should go as planned despite FIDE’s presidential rowSport March 27, 19:32
Ukrainian politician says Kiev turns deaf ear to public pleas to end Donbass blockadeWorld March 27, 19:17
Serbia to get Russian MiG-29 fighter jets 'within weeks'Military & Defense March 27, 18:51
Putin wants Russian Guard to ensure security at FIFA World CupSport March 27, 18:35
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."