The second Georgia-Hungary Intergovernmental Summit, held in Budapest, focused on advancing bilateral cooperation across multiple sectors and reaffirmed Hungary’s strong support for Georgia’s path toward European Union integration, according to Levan Davitashvili, First Vice Prime Minister and Minister of Economy and Sustainable Development of Georgia.

Davitashvili noted a positive trajectory in economic relations, highlighting a 14% increase in trade turnover between the two countries in 2024.

“The summit was comprehensive, covering virtually all areas of cooperation—including sports, culture, education, and economics—which was also reflected in the statements made by both Prime Ministers,” he said. “Hungary, as an EU member state, remains one of Georgia’s strongest supporters on the path to EU membership.”

A major point of discussion was transport cooperation, particularly in civil aviation. Hungarian budget airline WizzAir, which now connects Georgia with 28 destinations, continues to lead Georgia’s air travel market.

Davitashvili emphasized the untapped potential in the economic partnership, noting that both governments have agreed to encourage greater private sector involvement through existing bilateral platforms.

He also underlined the importance of a bilateral agreement on investment promotion and protection, alongside several newly signed sectoral cooperation memorandums.

“Now the key priority is implementation,” Davitashvili said. “Both governments will work closely with the private sector to fully realize the opportunities in trade, investment, energy, transport, and broader economic relations.”