Great opportunities in Hungarian - Russian economic relations

Friday, October 25, 2013

Hungarian- Russian economic relations are expanding beyond expectations. The combined value of joint ventures with the recently launched initiatives amounts to about $ 2 billion said Leonid Surigin commercial counselor of the Russian Federation at the fourth Hungarian - Russian International Economic Forum and Business meeting held in Budapest on Thursday.

At a press conference, Leonid Surigin said economic relations between Hungary and the various regions of Russia would get way stronger in coming years especially, in the areas of agriculture, and food production as well as tourism, and research and development.

The Russian commercial counselor pointed out that there are the huge potentials for expansion in tourism as well; in the first eight months of 2013 more than 500 thousand Russian tourists arrived in Hungary either recreational or business related purposes. This is 20 percent more tourists than visited Hungary in the same period last year.

The rearrangement that has been taking place in world politics ensures that at the post-crisis era Russia will play a leading role in global economy. This is good news for Hungary, as Russia Hungary's third most important trading partner and among the non-EU countries it is the first said Commissioner Responsible for Hungarian - Russian Economic Relations Péter Szijjártó.

(MTI –


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