Akram Aliyev, Deputy Minister of Investment, Industry, and Trade, recently met with representatives from Hungarian companies Bonafarm and PortfoLion, both affiliated with OTP Group. The meeting focused on developing a joint poultry cluster in Uzbekistan, aimed at enhancing the country’s agro-industrial capabilities.
Bonafarm, established in 2009, is a leading player in Hungary's agro-industrial sector, specializing in food production, agriculture, and poultry farming. With an annual turnover of $1.9bn and over 8,400 employees, Bonafarm brings extensive expertise to the project.
PortfoLion, also part of OTP Group, serves as an investment company managing assets across five countries, with a portfolio exceeding $160mn. Their involvement is expected to strengthen financial backing for the poultry cluster initiative.
During the meeting, participants outlined specific measures for the project, including training specialized personnel to ensure the effective operation of the poultry enterprise. A detailed plan for collaboration was established, incorporating Hungarian technologies and experiences to facilitate the project's rapid implementation.
In May, the President of Uzbekistan received Péter Szijjártó, Hungary's Minister of Foreign Affairs and Trade, who was visiting to take part in the Joint Intergovernmental Commission's activities.
During their discussions, the two leaders covered multiple facets of bilateral cooperation between Uzbekistan and Hungary. They expressed their contentment with the ongoing enhancement of the strategic partnership and the swift advancement of practical relations between the two countries.
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