Hungary plans to receive natural gas from Egypt and distribute it across central Europe once the Greek-Bulgarian pipeline is completed, the Hungarian foreign minister said Tuesday.
Alexandria Port will receive the first batch of new train vehicles from Hungary Tuesday after receiving some of them from Russia.
During the meeting, the minister and the ambassador discussed the possibility of increasing the tourism from Hungary to Egypt.
This came during talks held between Trade and Industry Minister Nevine Gamea and Hungarian Minister for Foreign Affairs and Trade Péter Szijjártó on Friday to probe means of enhancing economic cooperation.
Both Ministers will also hold a joint press conference at the end of the meetings at the headquarters of the Foreign Ministry in Maspero, downtown Cairo, the statement added.
The minister’s talks with the Hungarian diplomat also pored over investment opportunities in the Egyptian market, especially in the Suez Canal Economic Zone (SCZone).
The batch consists of 22 vehicles.
The Hungarian ambassador also requested that Egypt ratifies the bilateral agreements’ procedures especially the agreement on supplying new railway vehicles.
Justice Minister Omar Marwan had talks with Hungarian Ambassador in Cairo on means of promoting legal and judicial cooperation between the two countries.
The batch was scheduled for delivery by the end of this year.
That rebound coincides with improved economic data and signals from major central banks that they are on pause for now.
Hungarian President Janos Ader, and his accompanying delegation, arrived on Friday at Luxor International Airport, , embarking on a tourist tour in the eastern and western banks of the city.
Egyptian President Abdel Fattah El Sisi met on Tuesday with his Hungarian counterpart János Áder on the sidelines of the UN General Assembly meetings.
The Egyptian exports hit $140 million, while imports reached $120 million during 2018.Trade balance surplus logged $20.3 million.
Those are part of a contract to supply 1,300 railcars by Transmashholding.
The AOI is aimed at fulfilling the local market needs of energy-saving lighting equipment and exporting surplus to Arab and African markets, el Tarass said.
The first model of railcars to be supplied by the Russian-Hungarian consortium will arrive in Egypt in five months to be tested.
The Egyptian team enters the game in high spirits as they achieved their first victory at the competition on Monday night over Argentina 22-20.
Hungarian Ambassador in Cairo Peter Kveck asserted the importance of inking the Hungarian-Russian consortium of a one-billion-euro contract to supply Egypt with 1,300 train carriages.
Chairman of Cairo Opera House Magdy Saber will launch on Saturday the 2018-2019 season via organizing a rich artistic and cultural program.