Belarus, Hungary may increase trade turnover to €500m in 2-3 years - Golovchenko
<p> MINSK, Jun 5 - PrimePress. Belarus and Hungary may increase their mutual trade turnover up to €500 million within two or three years. </p> <p> </p> <p> Belarus’ Prime Minister Roman Golovchenko made a statement to this effect at a meeting with Hungarian Prime Minister Viktor Orban on June 5, as reported by the government press service. </p> <p> </p> <p> Following Orban’s meeting with Belarus President Alexander Lukashenko earlier on June 5, it was announced that Belarus and Hungary will seek to expand mutual trade turnover from $255m in 2019 to €500m. </p> <p> </p> <p> “This is an absolutely feasible task; it is all about collective work by the governments of both states, representatives of the business community,” said Golovchenko. </p> <p> </p> <p> In May 2020, the Intergovernmental Belarusian-Hungarian Commission on Economic Cooperation discussed promising areas of trade and economic cooperation. “Therefore, in principle, the entire agenda for the nearest projects and prospects is known. So it is all a matter of persistent implementation,” said Golovchenko. </p> <p> </p> <p> In particular, the parties plan to employ Belarusian technologies in Hungary in such areas as mechanical engineering, construction, and Hungarian technologies in Belarus - agriculture and pharmaceuticals. </p> <p> </p> <p> As previously reported, in 2019 the mutual trade turnover in commodities between Belarus and Hungary totaled $255 million, in 2018 - $194.9 million (including export - $78.1 million, import - $116.7 million). The main positions of Belarusian exports are tractors, acrylonitrile, potassium and mineral mixed fertilizers, timber, and tractor spare parts. The main import items are: pharmaceuticals and medicines, tyres, electric transformers, chemical resins and polyurethanes, polymers of ethylene and propylene, corn. Belarus has eight companies with Hungarian investments (two foreign enterprises and six joint ventures) with a total charter capital of $1.7 million. The volume of accumulated investments from Hungary in 2019 amounted to about $2.2 million, while Belarusian investments in Hungary - $730 thousand. End </p>
2020-06-06
Primepress
MINSK, Jun 5 - PrimePress. Belarus and Hungary may increase their mutual trade turnover up to €500 million within two or three years.
Belarus’ Prime Minister Roman Golovchenko made a statement to this effect at a meeting with Hungarian Prime Minister Viktor Orban on June 5, as reported by the government press service.
Following Orban’s meeting with Belarus President Alexander Lukashenko earlier on June 5, it was announced that Belarus and Hungary will seek to expand mutual trade turnover from $255m in 2019 to €500m.
“This is an absolutely feasible task; it is all about collective work by the governments of both states, representatives of the business community,” said Golovchenko.
In May 2020, the Intergovernmental Belarusian-Hungarian Commission on Economic Cooperation discussed promising areas of trade and economic cooperation. “Therefore, in principle, the entire agenda for the nearest projects and prospects is known. So it is all a matter of persistent implementation,” said Golovchenko.
In particular, the parties plan to employ Belarusian technologies in Hungary in such areas as mechanical engineering, construction, and Hungarian technologies in Belarus - agriculture and pharmaceuticals.
As previously reported, in 2019 the mutual trade turnover in commodities between Belarus and Hungary totaled $255 million, in 2018 - $194.9 million (including export - $78.1 million, import - $116.7 million). The main positions of Belarusian exports are tractors, acrylonitrile, potassium and mineral mixed fertilizers, timber, and tractor spare parts. The main import items are: pharmaceuticals and medicines, tyres, electric transformers, chemical resins and polyurethanes, polymers of ethylene and propylene, corn. Belarus has eight companies with Hungarian investments (two foreign enterprises and six joint ventures) with a total charter capital of $1.7 million. The volume of accumulated investments from Hungary in 2019 amounted to about $2.2 million, while Belarusian investments in Hungary - $730 thousand. End