The President of Uzbekistan highlights the potential for developing business ties with Hungary

UZA News

On August 20, President of the Republic of Uzbekistan Shavkat Mirziyoyev received the Chairman of the Board of Directors of OTP Bank, Sándor Csányi, in Budapest.

The President of Uzbekistan pointed out the successful execution of the first major business venture with Hungary – the entry of OTP Bank into the Uzbekistan market.

It was highlighted that the successful privatization of Ipoteka Bank was a significant indication and heightened the interest of foreign investors in Uzbekistan.

At the meeting, topics concerning the advancement of mutually beneficial cooperation in the improvement of Uzbekistan’s banking and financial sector, including raising the quality of services, and introducing innovative and accessible products, particularly for businesses, were discussed.

The importance of introducing effective financial instruments to back and promote joint projects as soon as possible, including industrial cooperation, agriculture, and other significant sectors, was noted.

The Head of the bank, Sándor Csányi, thanked the Leader of Uzbekistan for providing a favorable environment for expanding the investment activities of Hungarian companies.


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