Szijjarto: Hungarian-Kyrgyz development fund launched

Hungary and Kyrgyzstan have launched a joint development fund with the aim of involving Hungarian companies in the process of Kyrgyzstan's modernisation, Foreign Minister Peter Szijjarto said in Bishkek on Friday. Addressing a joint press conference with Daniyar Amangeldiev, Kyrgyzstan's minister of economy and commerce, Szijjarto said the 16 million dollar fund will ensure credit and other financial instruments for investments by Hungarian companies in Kyrgyzstan. He added that they were prepared to grow the fund to 50 million dollars in the future.