HUNGARY DOES NOT SUPPORT SUSPENSION OF MACRO-FINANCIAL ASSISTANCE TO MOLDOVA

"On a number of occasions, we have prevented the EU, usually together with our Romanian colleagues, from leveling undue criticisms at Moldova, and we do not support the suspension by Brussels of any macro-financial assistance awarded to Moldova", maintains Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto.

According to the ministry's press release, however, Hungary supports Moldova in its efforts to participate in the China-Central Europe 16+1 cooperation as an observer.

The politician announced that according to an agreement, Hungarian companies will implement water management developments in Moldova with Chinese financing.

The diplomat also said that in 2018, Hungarian exports to Moldova exceeded 100 million euros, and OTP acquired a considerable portion of the share package of the bank with the fourth largest market share in Moldova. As a result, the largest Hungarian bank will soon become the fourth strongest player on the Moldovan banking market.

"Hungary regards Moldova as an extremely important partner as it may serve as a link between European integration and the Eurasian Economic Union. It is easy to appreciate that the EU has a pragmatic interest in the development of economic cooperation between the two blocs based on mutual respect and the enforcement of each party's respective interests", the Minister said.