During President of Uzbekistan Shavkat Mirziyoyev’s visit to Budapest, Uzbekistan and Hungary agreed on over €1.5 billion in new joint projects and outlined further cooperation in trade, finance, and culture.
President of Uzbekistan Shavkat Mirziyoyev and Hungarian Prime Minister Viktor Orbán held high-level talks in Budapest, focusing on deepening strategic partnership and expanding economic cooperation.
Both leaders confirmed the preparation of new joint initiatives and investment projects worth more than €1.5 billion. These will build on the current portfolio of over $500 million and cover sectors such as finance, infrastructure, agriculture, and manufacturing.
They discussed the growing trade turnover and set a short-term target of €500 million, supported by import substitution mechanisms and EU GSP+ trade preferences. Agreements include the accreditation of Uzbek laboratories to EU standards and the launch of pre-certification programs for exports.
Hungary’s OTP Bank was highlighted as a key partner in entering Uzbekistan’s market, with plans to establish a joint venture for auto loans and SME support. A major poultry cluster is also under development in Syrdarya region.
Further cooperation includes the planned creation of a Hungarian-managed industrial zone in Uzbekistan for European manufacturers and the adoption of an Investment Partnership Program at the upcoming Intergovernmental Commission meeting in July.
Cultural and educational exchange is also expanding, with plans to declare 2026 the Year of Uzbek and Hungarian Culture, stage the ballet Lazgi in Hungary, and exhibit Uzbek heritage in Budapest. Cooperation in higher education will continue under the Stipendium Hungaricum program, alongside potential joint degrees and university branches in Uzbekistan.
To ensure implementation, a bilateral roadmap will be developed by relevant ministries. At the close of the meeting, President Mirziyoyev invited Prime Minister Orbán to pay an official return visit to Uzbekistan.
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The United States and Israel have carried out large-scale strikes on Iranian leadership and military targets, with Iranian state media confirming that Supreme Leader Ayatollah Ali Khamenei was killed.
Ayatollah Alireza Arafi has moved into a pivotal constitutional role following the death of Supreme Leader Ayatollah Ali Khamenei, becoming the clerical member of Iran’s temporary leadership council under Article 111 of the Constitution of the Islamic Republic of Iran.
Protests broke out in Pakistan and Iraq on Sunday after Iranian state media confirmed that Supreme Leader Ayatollah Ali Khamenei had been killed in joint U.S.–Israeli strikes. At least nine people were reported dead in clashes near the U.S. consulate in Karachi.
A number of senior Iranian figures have reportedly been killed in Saturday’s joint U.S.–Israeli airstrikes on Iran, according to Iranian state media, Israeli military statements and international reporting. Some of the details remain unverified. .
Follow the latest developments and global reaction after the U.S. and Israel launched “major combat operations” in Iran, prompting retaliation from Tehran.
Tensions between the U.S. and Iran are escalating, with Washington ordering a significant military build-up in the region and multiple countries evacuating diplomatic staff amid fears of further instability.
Governments across the region responded swiftly to Israel’s strikes on Iran, closing airspace, issuing travel advisories and activating contingency plans amid fears of escalation.
A senior Iranian official has warned Israel to “prepare for what is coming”, insisting that Tehran’s response to the latest escalation in the Middle East will be made openly and without limits.
Ayatollah Alireza Arafi has moved into a pivotal constitutional role following the death of Supreme Leader Ayatollah Ali Khamenei, becoming the clerical member of Iran’s temporary leadership council under Article 111 of the Constitution of the Islamic Republic of Iran.
The United States and Israel have carried out large-scale strikes on Iranian leadership and military targets, with Iranian state media confirming that Supreme Leader Ayatollah Ali Khamenei was killed.
Follow the latest developments and global reaction after the U.S. and Israel launched “major combat operations” in Iran, prompting retaliation from Tehran.
Ayatollah Alireza Arafi has moved into a pivotal constitutional role following the death of Supreme Leader Ayatollah Ali Khamenei, becoming the clerical member of Iran’s temporary leadership council under Article 111 of the Constitution of the Islamic Republic of Iran.
A number of senior Iranian figures have reportedly been killed in Saturday’s joint U.S.–Israeli airstrikes on Iran, according to Iranian state media, Israeli military statements and international reporting. Some of the details remain unverified. .
The death of Iran’s Supreme Leader Ayatollah Ali Khamenei has triggered one of the most significant political processes in the Islamic Republic: the selection of a new Supreme Leader.
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