Minister for National Economy Mihály Varga earlier today received Slovakia’s Minister of Economy Tomás Malatinsky within the framework of the Hungarian-Slovakian Government Summit. At the event, the two sides held negotiations about enhancing mutual cooperation and extending the scope of Hungarian-Slovakian economic partnerships.

Due to common interests, Hungarian-Slovak economic relations cover a wide range of issues, such as joint infrastructure development projects, the trade of products and services, tourism and financial relations, the exchange of labour and regional cooperation. The business relations of the two countries are increasingly characterised by increasing dominance and importance of SMEs and their share in trade turnover and financial relations.

The two sides have agreed that deepening partnership between economies that have been facing the same difficulties is one of the primary tasks of the upcoming period, from the perspective of both the two countries and the region. Accordingly, more emphasis must be placed on fostering closer ties between Hungary and Slovakia.

(Ministry for National Economy)