Caracas, Venezuela - On Friday, November 10, 2023, Venezuela and Hungary signed a bilateral agreement covering several areas of cooperation, including agriculture, education, technology, and the energy field. The agreement was signed by Venezuelan Foreign Minister Yvan Gil and Hungarian Foreign Minister Péter Szijjártó.
Gil said that the agreement is a testament to the strong ties between the two countries and their commitment to working together to promote mutual development. He also noted that the agreement will help to create new opportunities for businesses and individuals in both countries.
Szijjártó said that Hungary is eager to deepen its cooperation with Venezuela in all areas. He particularly highlighted the potential for cooperation in the energy field, noting that Hungary is a leader in renewable energy technologies.
The agreement comes at a time when Venezuela is looking to expand its economic ties and attract foreign investment. The country has been struggling economically in recent years due to a combination of factors, including the COVID-19 pandemic and the global oil price slump.
The agreement with Hungary is expected to help Venezuela to boost its agricultural production, improve its education system, and develop its technology sector. It is also seen as a step towards reducing Venezuela's reliance on oil exports.
Experts Weigh In
Economists and political analysts have welcomed the agreement between Venezuela and Hungary, saying that it has the potential to benefit both countries.
"This agreement is a positive development for both Venezuela and Hungary," said Carlos Herrera, a Venezuelan economist. "It will help Venezuela to diversify its economy and attract foreign investment. It will also help Hungary to expand its exports and gain access to new markets."
"The agreement is a sign that Venezuela is open to foreign investment and is committed to economic reform," said Luis Vicente León, a Venezuelan political analyst. "This is a positive development for the country and its people."
Overall, the agreement between Venezuela and Hungary is seen as a positive development for both countries. It is expected to help Venezuela to boost its economy and improve the lives of its people. It is also seen as a step towards reducing Venezuela's isolation on the international stage.
