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
Presidential decree transferring ownership of MIHC to Sovereign Fund of Egypt
Wednesday، 15 March 2023 01:28 AM
Egypt launches "Horus-2" satellite for remote sensing
Monday، 13 March 2023 12:36 PM
President El-Sisi Inaugurates the Nitrogenous Fertilizer Complex in Al-Ain Al-Sokhna
Wednesday، 15 March 2023 11:55 AM
