03 December 2022 10:25 AM

Economic Relations

Tuesday، 02 June 2015 12:00 AM

On October, 26, 2021 Hungary granted Egypt 250,000 doses of AstraZeneca vaccine, which was announced during President Abdel Fatah al-Sisi's visit to the country on October 11-13.

Egyptian Ambassador to Budapest Mohamed al-Shenawy attended the shipping process of the doses Tuesday saying that the coming period is expected to include further bilateral cooperation between both countries.

During a meeting with Hungarian President János Áder in Budapest, Sisi stressed that Hungarian companies have great potentials to invest in Egypt and make use of the modern infrastructure in the country to increase their investments in Africa, Presidential Spokesman Bassam Rady said.

The Egyptian people welcome Hungarian investments and are keen to see the European country increase its business in Egypt, Sisi said.


Trade balance between Egypt and Hungary:

Year

Egyptian exports

Imports from Hungary

Trade Balance

2009

USD 8.1 million

USD 123 million

- USD 114.9 million

2008

USD 11.8 million

USD 245 million

- USD 233.2 million

2007

USD 11 million

USD 277 million

- USD 266 million

2006

USD 9.5 million

USD 220 million

- USD 210.5 million

2005

USD 9.1 million

USD 123 million

- USD 113.9 million

2004

USD 5.2 million

USD 70 million

- USD 64.8 million

2003

USD 2.7 million

USD 50 million

- USD 47.5 million

 

Contractual framework

 
Agreement
Signing date andvenue
Notes
Cooperation Agreement between the Egyptian and Hungarian Post Authorities
Budapest, 10/9/1956
Entered into force 18/9/1957
Cultural Cooperation Agreement
Cairo, 5/9/1957
Signing the Executive Programme for the years 200-/2010
Civil Air Transport Agreement
Cairo, 20/3/1958
Entered into force 24/7/1958
Cooperation Agreement in the field of Health
Cairo, 17/6/1965
Entered into force 17/6/1965
Cooperation Agreement in the field of Mass Media
Cairo, 7/2/1966
Entered into force 28/3/1967
Cooperation Agreement in the field of Agriculture
Cairo,15/12/1971
Entered into force 15/12/1971
Trade Agreement
Luxor, 26/10/1975
Entered into force 10/5/1976
Funding and Credit Line Agreement
Luxor, 26/10/1975
Entered into force 6/5/1976
Agreement for Judiciary Cooperation and the Execution of Penal Sentences
Cairo, 14/12/1987
Entered into force 16/12/1987
Avoidance of Double Taxation Agreement
Cairo, 5/11/1991
Entered into force 22/5/1994
Agreement on the Protection and Encouragement of Investment
Cairo, 23/5/1995
Entered into force 21/8/1997
Cooperation Agreement in the field of Health
Cairo, 27/5/1995
Entered into force 5/4/2000
Cooperation Agreement on Civil and Commercial judicial Assistance
Cairo, 26/3/1996
Entered into force 15/8/1999
Scientific Cooperation Agreement
Cairo, 26/3/1996
Entered into force 23/11/1998
Cooperation Agreement in the field of Combating Organized Crime
Cairo, 26/3/1996
Entered into force 31/12/1998
Economic and Scientific Cooperation Agreement
Cairo, 26/3/1996
Entered into force 19/8/1997
Agreement on Mutual Exemption of Diplomatic Real Estate Tax
Budapest, 18/4/2003
 
Agreement on Mutual Exemption of Holders of Diplomatic Passports from Entry Visas
Budapest, 22/8/2007
Entered into force 31/5/2009
Economic Cooperation Agreement
Budapest, 20/9/2007
Entered into force 28/1/2008
Executive Programme of the Cultural Agreement for 2008-2010
Cairo, 27/1/2008
Entered into force 27/1/2008
Memorandum of Understanding in the field of e-government
Budapest, 30/6/2008
 
Memorandum of Understanding in the field of Veterinary Health
Cairo, 3/11/2008
 
Memorandum of Understanding in the field of Environment
Cairo, 3/11/2008
 
Executive Programme of the Scientific and Technological Cooperation Agreement for 2009-2010
Cairo, 3/11/2008
 
Cooperation Agreement between Omninvest Co. and VACSERA on Transferring Technology of Manufacturing the Chicken-flu Serum 
Cairo, 3/11/2008
 
Agreement on Founding the Egyptian-Hungarian Joint Business Council
Cairo, 3/11/2008
 
Draft Agreement on Air Services
Budapest, 13/2/2009
Signed in initials
Agreement on Founding the Business Council
Budapest, 14/10/2009
Entered into force 14/10/2009
Memorandum of Understanding on Cooperation between the Egyptian General Authority for Investment and the Hungarian Trade and Investment Development Agency
Budapest, 14/10/2009
Entered into force 14/10/2009
Memorandum of Understanding on Cooperation between the Export Development Bank of Egypt and EXIMBANK of Hungary

 

Most Visited

From To