The second Georgia-Hungary intergovernmental summit, held in Budapest, addressed all key areas of bilateral cooperation. Such a statement made the First Vice Prime Minister/Minister of Economy.

"Trade between Georgia and Hungary has progressed significantly, with trade turnover increasing by 14% in 2024.

The summit was comprehensive, covering virtually all areas of cooperation - including sports, culture, education, and economics - which was also reflected in the statements made by both Prime Ministers. Hungary, as an EU member state, remains one of Georgia`s strongest supporters on the path to EU membership.

Both Prime Ministers emphasized that we have not yet fully tapped the potential of our cooperation. That`s why we`ve agreed that the private sector must more actively engage through the platforms established by both countries to deepen economic ties.

The bilateral agreement on investment promotion and protection, along with several memorandums of cooperation signed across specific sectors, are very important. Now the key priority is implementation. Both governments will work closely with the private sector to fully realize the opportunities in trade, investment, energy, transport, and broader economic relations", - said Levan Davitashvili.