December 19, 2023
1 min read

Hungary, Turkey Elevate Ties to ‘Priority Strategic’ Level with New Agreement

Hungarian President Katalin Novak received Erdogan, and later in the day, they also held talks...reports Asian Lite News

Hungarian Prime Minister Viktor Orban and Turkish President Recep Tayyip Erdogan signed an agreement here elevating the bilateral ties to “priority strategic” level.

Orban on Monday told a joint press conference following the signing of the agreement that “in the language of diplomacy, this expresses the strongest possible friendly, brotherly and political cooperation”.

Speaking of bilateral economic ties, Orban said that the volume of trade in goods has doubled over the past 10 years, with 500 Turkish companies operating in Hungary and 100 Hungarian companies in Turkey, Xinhua news agency reported.

He added that Turkish investments in Hungary are continuously increasing both in number and value, extending to new areas, such as railway development and defence industry agreements.

Orban emphasised the importance of Turkey in Hungary’s security, especially in managing migration.

“Turkish-Hungarian relations are friendly, with long-standing roots, and both sides have the intention to expand them,” Erdogan said.

Earlier on Monday, Hungarian President Katalin Novak received Erdogan, and later in the day, they also held talks.

Seventeen agreements covering various areas were signed during the Turkish President’s visit. Beyond commerce, energy security took the forefront, with mutual agreements in natural gas transit and procurement. Turkey will become a source for Hungary’s natural gas purchases next year.

Erdogan concluded the visit by attending the opening concert of the joint Hungarian-Turkish cultural season.

ALSO READ-Polls show Trump’s ‘significant’ lead over Biden  

Previous Story

Nikki Haley Emerges as Top GOP Alternative to Trump

Next Story

Hungary, Turkey Boost Ties

Latest from -Top News

Biden pays tribute to India’s ex-PM Manmohan Singh

Presiden Biden emphasised that “the unprecedented level of cooperation between the United States and India today would not have been possible without the Prime Minister’s strategic vision and political courage.” US President

OpenAI’s o3 reasoning model ignites AI hype

Social media influencers have kicked off a fierce debate over OpenAI’s new o3 reasoning model, with some of them raising concerns about its high cost and the potential for overhyping its artificial

Protests at Parliament gates banned 

The Speaker’s office stressed that the move is aimed at safeguarding the sanctity of Parliament and ensuring that its proceedings are not disrupted…reports Asian Lite News In a decisive move aimed at

UN Chief Calls Out Israel on Syria

Guterres underscored that Israel and Syria must uphold the terms of the 1974 Disengagement of Forces Agreement, which remains fully in force…reports Asian Lite News UN Secretary-General Antonio Guterres has urged Israel
Go toTop

Don't Miss

Hungary’s PM calls for European Parliament to be dissolved

The scandal, Orban said, had drawn into question the credibility

Hungary’s Orbn to take EU reins as tensions build

Orbn has vocally opposed and threatened to block Ukraine’s candidacy.