Kuwaiti-Hungary economic cooperation is growing

GMT 14:03 2015 Monday ,09 March

Arab Today, arab today Kuwaiti-Hungary economic cooperation is growing

Vienna - KUNA

Economic-commercial cooperation between Hungary and Kuwait is growing and the closer ties can partly be seen in mounting numbers of Kuwaiti citizens visiting the nation, according to a senior Hungarian official.
Hungary's Deputy Foreign Minister Dr. Csaba Balogh said in an exclusive interview with KUNA, on sidelines of the Budapest Water Conference 2015, that the economic relations between the two countries has been growing gradually and the mutual trade exchanges have been rising year after the other as well, indicating at increasing "flow of Kuwaiti visitors, particularly entrepreneurs, to the country, over the past years." Such mutual cooperation can be expanded further to various fields, such as water management, energy, technology and agriculture, where "the Hungarian expertise and technology as well as Kuwait's extraordinary investment capacities can be brought together to launch feasible ventures either in Kuwait or Hungary," said the official in the remarks to KUNA.
He noted significant role that could be played in this respect by the joint commission, also indicating at regular meetings involving officials and businessmen from the two sides.
Balogh expressed hope that talks with the Kuwaiti officials would result in "specific ventures specially in the water sector that could be the basis for mutual cooperation in the future in greater projects.
"We need a success story in order to press ahead with our cooperation."

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