Szijjarto: Indonesia, Hungary to set up USD 500 m joint investment fund

Indonesia and Hungary will set up a 500 million dollar investment fund to facilitate Hungarian companies' participation in the development of transport and water management infrastructure in the Asian country in an organised way, Foreign Minister Peter Szijjarto said on Thursday. Szijjarto held talks with counterpart Retni Marsudi, other government members and businesspeople. He told MTI by phone that despite the significant distance between the two countries, ties between Hungary and Indonesia developed considerably in recent years. Several Hungarian technology companies have acquired significant market shares in the southeast Asian country which can boost their income and development potential, as Indonesia's is the fourth largest population in the world, he added.