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Uzbekistan and Hungary agree to implement 12 investment projects

The Uzbek-Hungarian business forum held in Budapest on February 17 saw a number of representatives of the business circles of the two countries.

Following "G2B and B2B meetings, a number of bilateral agreements were signed on the implementation of 12 investment projects in various regions of Uzbekistan in the fields of poultry, fish farming, animal husbandry and food industry. In addition, further joint development of 76 new promising investment projects was agreed, of which 26 projects have already identified partners from the Uzbek and Hungarian sides, with substantive negotiations underway.

The parties also signed a cooperation agreement between the Export Promotion Agency and the Hungarian Trade Development Agency, a cooperation agreement between the Association of Private Tourism Organizations of Uzbekistan (ACTO) and the Association of Hungarian Travel Agencies and Tour Operators of Hungary to increase the volume of mutual tourist flows, as well as a cooperation agreement between the Agency for the Development of the Pharmaceutical Industry of the Republic of Uzbekistan and the Pharmacological Cluster of Hungary to improve the education system in the field of pharmaceuticals.

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