The Sixth Meeting of the Georgia-Hungary Intergovernmental Commission for Economic Cooperation convened with a shared commitment to strengthening bilateral ties. Co-chaired by Georgian Deputy Minister of Economy and Sustainable Development Gennady Arveladze and Hungarian Deputy Defence Minister and Secretary of State Tamás Vargha, the session explored opportunities for enhanced cooperation across a wide range of sectors.

Key areas discussed included trade, investment, tourism, agriculture, energy, transport, environmental protection, education, innovation, science, and culture. As part of the outcome, Georgia committed to providing Hungary with a tailored catalogue of investment projects and potential investors.

Despite global and regional challenges, Arveladze highlighted Georgia’s continued economic resilience, driven by infrastructure modernization, a favorable business environment, and strong regional partnerships.

Trade relations between the two countries have seen notable progress. In the first quarter of 2025 alone, bilateral trade turnover grew by 47%, following a 14% annual increase and a striking 93% rise in exports in 2024.

Arveladze reaffirmed Georgia’s dedication to maximizing benefits under the Deep and Comprehensive Free Trade Area (DCFTA), especially for domestic businesses.

The role of Hungarian airline WizzAir was also acknowledged for its significant contribution to tourism through expanded air connectivity.

Energy cooperation was another focal point, with both sides underscoring the strategic importance of the Black Sea Submarine Electric Cable project, which is expected to bolster energy security across the South Caucasus.

Looking ahead, the Second Georgia-Hungary Intergovernmental Summit, set for June 11–12 in Budapest, is anticipated to deliver concrete outcomes. Deputy Minister Arveladze expressed confidence that the event will further deepen the growing economic partnership between the two nations.