Minister Szijj¡rt³ Announces Expansion of Hungarian-Kyrgyz Development Fund

Budapest: Hungary will significantly expand support for Hungarian companies operating in Kyrgyzstan by increasing the Hungarian-Kyrgyz development fund by HUF 15 billion, Minister of Foreign Affairs and Trade P©ter Szijj¡rt³ announced in Budapest. The move, he said, will further deepen bilateral economic cooperation while contributing to the modernization of Kyrgyzstan’s agriculture and food industry.

According to About Hungary, Minister Szijj¡rt³ emphasized at a joint press conference with Kyrgyz Deputy Prime Minister Daniyar Amangeldiev that Hungarian-Kyrgyz economic relations have been developing steadily in recent years. The cornerstone of this cooperation is the joint development fund, through which Hungarian companies have already secured contracts worth HUF 6.5 billion in Kyrgyzstan.

Minister Szijj¡rt³ highlighted ongoing investments and exports, noting that Hungarian companies are involved in the construction of a new hydropower plant, implementing livestock breeding programs, and delivering machinery and industrial products to the Kyrgyz market. The additional HUF 15 billion investment will specifically finance Hungarian companies’ involvement in modernizing Kyrgyzstan’s agriculture and food processing sectors.

The minister also pointed out the strong educational ties between the two countries. Each year, 200 Kyrgyz students receive scholarships to study at Hungarian universities, with 649 applications submitted this year, indicating high interest in Hungarian higher education.

On international affairs, Minister Szijj¡rt³ remarked that Hungary and Kyrgyzstan share a common position on peace, supporting the peace efforts of US President Donald Trump. Both nations oppose any attempt to prolong or expand the conflict in Ukraine and criticize EU member states for actions that could undermine peace initiatives.

Minister Szijj¡rt³ reaffirmed Hungary’s rejection of sanctions-based policies, arguing that EU sanctions have harmed the European economy and contributed to the EU’s isolation in global politics. He concluded by emphasizing the shared interest of Hungary and Kyrgyzstan in preventing the division of the world into new blocs and supporting a global cooperation model based on mutual respect and connectivity.