19:51 / 04.10.2022
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Mirziyoyev calls on Hungarian entrepreneurs to invest in Uzbekistan 

Today, in Budapest, the President of Uzbekistan held a meeting with the heads of leading companies and banks in Hungary. 

The event was attended by the Minister of Economic Development of Hungary Márton Nagy, Chairman of the Chamber of Commerce and Industry László Parrag, CEO of OTP Bank Sándor Csányi, as well as the heads of about 20 largest companies and corporations, such as Gedeon Richter, Bonafarm, Wizz Air, Raba Holding, Meditop, Master Good, Kite and others. 

During the meeting, promising areas of mutually beneficial cooperation in such areas as pharmaceuticals, agriculture, food industry, electronics and electrical engineering, chemical, textile, leather and automotive industries were discussed. It was noted that large-scale reforms are being carried out in Uzbekistan, aimed at radically improving all spheres and sectors of the economy, as well as improving the welfare of the population. 

The President listed the main achievements of the economic policy of Uzbekistan in recent years, including the liberalization of the foreign exchange market and the repatriation of profits, the program for privatization of state assets and banks, industrial and infrastructure facilities, tax reform and much more. 

“The development strategy of the new Uzbekistan provides for the continuation of work on creating the most favorable conditions for entrepreneurs, expanding the presence of foreign businesses in our country. The main thing is that foreign business believed in our transformations,” Shavkat Mirziyoyev said. 

At the meeting, it was announced the creation of a joint fund to finance priority projects, which will be launched in the near future. It is proposed to allocate a separate industrial zone exclusively for Hungarian companies, providing it with all the necessary production infrastructure. 

President Shavkat Mirziyoyev addressed each member of the Hungarian business delegation. A detailed exchange of views took place on plans for the implementation of specific joint projects. Firm readiness was expressed to provide full support to Hungarian business in the implementation of its investment plans. 

“I invite every entrepreneur to visit our country and personally see that today, the best place for investment is Uzbekistan!” the President noted. 

In turn, representatives of the Hungarian business community praised the results of systemic economic reforms carried out in Uzbekistan and expressed their desire to enter the market of our country and implement joint promising projects. 

Following the meeting, an agreement was reached on the adoption of a comprehensive “roadmap” for the practical implementation of all initiated projects, indicating specific deadlines and responsible executors. 

The heads of ministries and departments of Uzbekistan were instructed to provide all possible assistance to Hungarian partners in the implementation of successful business activities in our country.

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