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A Hungarian-Russian-Chinese joint venture was established in Hungary

The agreement was signed by the foreign minister on Tuesday with Dmitry Zverev, the first deputy transport minister of Russia. The company, whose capital will be announced later by both parties, is scheduled to be registered in Hungary later this year. The partners will be equal owners in the company. László Mosóczi said that the cargo base for European transportation will be provided by China, and the two parties are expected to supply chemical and pharmaceutical products from Europe, among others.

“This is an alternative route, in which a significant part of the goods in the Far East goes to Belarus and Poland. But this route is already crowded on the one hand, and on the other hand, the road between China, Russia, Ukraine and Hungary is the shortest and shortest. Faster plus Hungary, Austria, northern Italy, Switzerland, southern Germany “. The goal, he said, is to increase the number of trains arriving in Hungary from China, which was recently only one a year, to a thousand. According to Mosuzzi, there are currently about thirty trains arriving from the Far East every year.

“The road between China, Russia and Hungary will bring serious economic benefits to all parties by touching Zahoni, and will contribute greatly to Hungary becoming a logistics center in Central Europe. Zahoni itself will be a logistics center,” he said. László Mosóczi stated that before the Moscow Agreement, he was negotiating in Yekaterinburg with the leadership of Sverdlovsk Oblast, because freight trains from China through Russia to Hungary would operate on the Trans-Siberian Railway, which also passes through this region. The foreign minister spoke at the INNOPROM industrial fair in the Urals, where he met with the leaders of the automobile manufacturer Sinara, whose products he described as world-class.

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The foreign minister also said that the joint project will be implemented two years after the head of ITM and the Russian Ministry of Transport signed a cooperation agreement between Prime Minister Viktor Orban and Russian President Vladimir Putin during negotiations in Budapest.

According to the note at the time, transportation specialists from the two countries will also cooperate in research, development and training. In the current negotiations, the parties agreed, among other things, to introduce a more modern railway maintenance system using digital technologies and to speed up border crossings, which can be achieved through a modern measurement switch.

The Hungarian delegation inspected Russian Railways vehicles under development or modernization at the railway test center in Scherperbenka. “We have seen world-class lectures, and met with very good experts, which can help ensure that if Hungary establishes a similar test center in the near future, Russian knowledge can be taken into account,” the foreign minister said. During negotiations on cooperation in the field of higher education, the two countries confirmed their readiness to provide opportunities for student exchange.

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