The Uzbek delegation at the meeting was led by Deputy Prime Minister of the Republic of Uzbekistan Jamshid Khodjaev, and the Hungarian delegation was led by OTP Green CEO Gergei Pokosh.
During the meeting, the parties exchanged views on topical issues of the current Uzbek-Hungarian cooperation, the conditions created for foreign investors in Uzbekistan and measures to support foreign business in our country.
The consistent development of cooperation between the two countries was emphasized, which is facilitated by the established political dialogue at the highest level, which has gained special momentum in recent years. Hungarian business trusts Uzbekistan - following the results of the official visit of the President of the Republic of Uzbekistan Sh.M. Mirziyoyev to Hungary in October 2022, agreements and contracts worth $1.3 billion were signed.
The basis of bilateral trade consists of textiles, foodstuffs, pharmaceutical products, mechanical and electrical equipment and other goods.
As of October 1, 2024, there are 12 enterprises with Hungarian capital in Uzbekistan, including 7 joint ventures and 5 enterprises with 100% foreign capital.
The portfolio of major investment projects includes the privatization of Ipoteka Bank by the Hungarian OTP Bank, also part of the OTP Group, the creation of a pharmaceutical high-tech enterprise with Meditop Pharmaceuticals and other projects.
Mutual steps towards the company's implementation of a major project to create a poultry cluster in the Syrdarya region were discussed in a constructive manner. After discussing the details of the upcoming joint work, the parties moved on to the document exchange ceremony. An investment agreement, a lease agreement for land in the Syrdarya region, and a foundation and charter agreement with the Direct Investment Fund of Uzbekistan were signed.
For reference: as part of the project with ZA Invest, 8 poultry farms, an incubator, a poultry slaughterhouse, a processing plant, a feed mill, refrigerating and administrative buildings will be built on 130 hectares of the cluster territory. The project's capacity will be 16 million units of broiler chickens and 120 thousand tons of compound feed per year.
The project is funded by the OTP Green Fund and implemented by the ZA-Invest Poultry project company, which is part of the OTP Group.
