Kuwait, Hungary discuss financial issues, forecast challenges

Kuwait Undersecretary of Finance Aseel Al-Munaifi on Friday met with Hungarian Minister of Economy and International Affairs Tut Tibor in Budapest, the Hungarian capital. The purpose of the meeting was to engage in a detailed discussion about the current economic developments, their potential impact on the growth rates, and the future challenges that both countries may face. The Ministry of Finance said in a press statement that the meeting was held on sidelines of the two-day fifth session of the Kuwaiti-Hungarian Joint Committee for Economic and Technical Cooperation.

The press release mentioned that the two sides broached plans for diversification of sources of income, a host of economic and financial topics. The Kuwaiti officials were briefed about Hungary’s achievements in the sectors of renewable energy, information technology and food security.

Source: Kuwait News Agency