Hungarian companies with innovative technologies to find new opportunities in Morocco, says minister
Trade between Hungary and Morocco jumped by 24 percent in the past year, and the growing economy of the region offers good prospects for Hungarian companies, Finance Minister Mihaly Varga said after meeting his Moroccan counterpart, Nadia Fettah Alaoui, in Morocco on Wednesday.
Trade between the two countries reached 260 million dollars last year, Varga said after the talks on the sidelines of the general assembly of the European Bank for Reconstruction and Development (EBRD).
Hungarian companies with innovative technologies and products will find new opportunities in Morocco, Varga said.
Hungarian exports of electrical equipment and vehicles there is significant, the finance ministry quoted Varga as saying.
The aim is to boost ties in water management, farm and food processing technologies, energy management and property development, Varga said.
The cooperation agreement concluded between the Hungarian and Moroccan customs and tariff authorities will also contribute to the development of ties, as will the Morocco-Hungary Business Council, which is scheduled to start work in the near future, he said.
Read alsoLet the spending begin: Hungarian government unveils 8 new programmes for 2026 ahead of election
Read also‘Putin’s Paks project must be buried’ – Hungarian MP calls on EU to stop Russian-funded nuclear expansion
Read alsoMajor telecom service outages scheduled across Hungary in early August
Read alsoPolish PM Tusk: Good chance that Ukraine war could be suspended soon
Read alsoQueen backstage: Never-before-seen photos of Freddie Mercury’s days in Budapest on exhibition!
Read alsoRussia rocked by strongest earthquake in history: Tsunamis hit pacific coastlines! – PHOTOS
Read alsoSpider bite sends Hungarian swimmer to hospital in Singapore – could miss key races
Read alsoGrand plans, no dates: Government pledges full HÉV revamp and new bridges for Budapest
Read alsoHungary hit by another blow: Economy decline continues in early 2025
Source: MTI