Hungary’s “Opening to the East” and Turkey
Hungary’s “Opening to the East” and Turkey

Summary/Abstract: There is huge potential in the East, but fantasy remains more exciting than reality. There will not be any buying of Hungarian bonds by Turkey, Azerbaijan or Kazakhstan. Growth in trade volumes stagnated this year. Most of Hungary’s exports to the East come from multinationals based in Hungary. In order to facilitate market access for small and medium companies, Hungarian diplomacy invests considerable effort. Some projects with Turkey promise rich rewards. The government also wants to attract more Turkish investment to Hungary. One vision is to attract Turkish tourists to southern Hungary. Five star hotels, airport renovations and private hospitals for wealthy Muslim patients are being discussed. But the plan hinges on finding the lost grave (türbe) of Suleiman the Magnificent near Szigetvár.

• Details
• Contents