Hungarian Foreign Minister to visit Indonesia, discuss investment fund

Jakarta Foreign Minister of Hungary Peter Szijjarto is expected to visit Indonesia soon and meet with his Indonesian counterpart to discuss setting up an investment fund, among other things, Hungarian Ambassador to Indonesia Judit Pach said.

“We are right now preparing for the Foreign Minister retreat to Indonesia, which will hopefully happen within the coming two weeks, and they will have a high-level bilateral meeting with the Foreign Minister of Indonesia, Retno Marsudi,” she informed during an exclusive interview with ANTARA on Wednesday.

However, the exact dates for the official visit have not been set yet as the embassy in Jakarta is still holding discussions with the Indonesian Foreign Ministry, she said, adding that one of the issues that will be on the agenda of the talk is related to the establishment of joint investment fund.

“How we could speed up the establishment of this (investment) fund, and concerning the exact project we haven’t discussed yet, much of (the) projects (will be) definitely in the infrastructure (sector),” she noted. In early 2020, Hungarian Prime Minister Viktor Orban had made an official visit to Jakarta and met President Joko Widodo. During their meeting, the two leaders had agreed to establish a joint investment fund of about US$500 million.

“Right now we are still in discussion how to establish the fund […] (since) establishing such a huge fund would take some time […] both Indonesia and Hungarian sides came to little hold due to the COVID-19 situation, because we need to reshape resources,” Pach added.

Bilateral cooperation between Indonesia and Hungary has been carried out in several sectors. For instance, in 2019, Hungary finished a huge water management project in 36 locations across Indonesia.

And just recently, Hungarian company Roatex won the tender for setting up an electronic payment system on Indonesian toll roads using multi-lane free flow (MLFF) technology.

 

 

 

Source: Antara News

 

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