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Mutual investments between Hungary, Russia gain 6% in first quarter of this year

Hungary remains an important European trade and economic partner of Russia, Russian Deputy Prime Minister Alexander Novak said

MOSCOW, December 2. /TASS/. Mutual investments of Russian and Hungarian businesses gained 6% in conclusion of the first quarter of this year, Russian Deputy Prime Minister Alexander Novak said after the working meeting with Hungary’s Foreign Minister Peter Szijjarto, the Cabinet said on its official Telegram channel.

The parties discussed issues of developing trade and economic relations between the party and conditions of energy resources’ supplies from Russia to Hungary.

"Hungary remains an important European trade and economic partner of Russia. Despite the external pressure, Hungarian companies do not merely continue working in the Russian market but also come with new project initiatives. The volume of mutual investments of Russian and Hungarian businesses increased by 6% as of the end of the first quarter of 2024," Novak said.

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Alexander Novak Trade & Cooperation

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