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HUNGARY: Szijjarto to Discuss Sanctions, Tax Deal with US Treasury Secretary

HUNGARY
CEEMEAEM BulletBulletEmerging Market NewsHungary

Minister of Foreign Affairs and Trade Peter Szijjarto will discuss lifting sanctions that harm Hungary's interests and developing bilateral cooperation with new US Treasury Secretary Scott Bessent in Washington on Wednesday, MTI report. Below highlights from MTI translated with Google Translate:

  • "I would like to be able to agree with the Minister of Finance to restart negotiations on concluding a double taxation agreement, which would greatly increase the attractiveness of the Hungarian economy. I would also like to discuss a new type of financial cooperation," he emphasized.
  • Peter Szijjarto pointed out that sanctions would also be discussed, since "the Biden administration, out of petty revenge, took measures a few days before its departure that clearly harm Hungary's interests, economic interests, and the security of our energy supply."
  • And in connection with the latter, he touched on the placing of the Paks nuclear project on the sanctions list, the obstruction of payment for natural gas, and the difficulties associated with the construction of the Hungarian-Serbian oil pipeline.
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Minister of Foreign Affairs and Trade Peter Szijjarto will discuss lifting sanctions that harm Hungary's interests and developing bilateral cooperation with new US Treasury Secretary Scott Bessent in Washington on Wednesday, MTI report. Below highlights from MTI translated with Google Translate:

  • "I would like to be able to agree with the Minister of Finance to restart negotiations on concluding a double taxation agreement, which would greatly increase the attractiveness of the Hungarian economy. I would also like to discuss a new type of financial cooperation," he emphasized.
  • Peter Szijjarto pointed out that sanctions would also be discussed, since "the Biden administration, out of petty revenge, took measures a few days before its departure that clearly harm Hungary's interests, economic interests, and the security of our energy supply."
  • And in connection with the latter, he touched on the placing of the Paks nuclear project on the sanctions list, the obstruction of payment for natural gas, and the difficulties associated with the construction of the Hungarian-Serbian oil pipeline.