Live Streaming
Program Highlight
Company Profile
Zona Integritas
Friday, 08 November 2024 08:20

Hungary Recognizes Indonesia as a Critical Partner in EU Presidency

Written by 
Rate this item
(1 Vote)

 

VOInews, Jakarta: Under its presidency of the European Union, Hungary has reaffirmed its commitment to strengthening ties with ASEAN and Indonesia in particular as part of efforts to build global economic stability and mutual prosperity. This commitment was expressed by Hungary's Ambassador to Indonesia, Lilla Karsay, during the 68th Hungarian Revolution and Independence Day reception held on the evening of Thursday, November 7, 2024, in Jakarta.
 
"As Hungary currently holds the presidency of the European Union, we have a unique opportunity to deepen, the ASEAN-EU relationship, with a particular emphasis on Indonesia as a leading ASEAN economy," Ambassador Karsay stated. "Our presidency underscores the EU’s commitment to enhancing connections with Asia, promoting trade investment, and sustainable development. We view ASEAN, and specifically Indonesia, as a crucial partner in ensuring a prosperous and stable global economy."
 
In her speech, Karsay also highlighted Hungary’s role in bridging cooperation between the EU and Asia, particularly in the sectors of trade and sustainable investment. By prioritizing Indonesia as the largest ASEAN country, Hungary aims to unlock further opportunities for economic collaboration that will benefit both parties.
 
As part of this commitment, various collaborative projects between Hungary and Indonesia are ongoing. One such project is Budapest Waterworks, which has built 36 clean water management facilities across several regions in Indonesia. This initiative stands as a tangible example of the two nations’ collaboration in vital infrastructure development that directly benefits local communities.
 
Hungary is also involved in advancing Indonesia’s transportation infrastructure system, and has made a $300 million investment to implement a contactless payment system (Multi Lane Free Flow, MLFF) on Indonesian toll roads. This technology is expected to reduce traffic congestion at toll gates while enhancing national transportation efficiency. (Daniel/VOI)
Read 96 times
Published in International News
Daniel

Latest from Daniel

More in this category: « China's Dairy Giant Yili Wins Prestigious Award for Innovative INIKIN Brewed Tea Putin Congratulates Trump on Re-Election, Emphasizes Readiness for Renewed Cooperation »
back to top