Search Site

Trends banner

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Hungarian companies want to expand work in Russia, says PM Orban

Hungary has long-established close business relations with Tatarstan region of Russia. (TASS)
  • Hungarian Prime Minister Viktor Orban made the statement at a meeting with the head of Russia’s Tatarstan region Rustam Minnikhanov in Budapest.
  • The head of Tatarstan came to Budapest at the invitation of Orban in connection with the Hungarian national holiday, St. Stephen's Day.

BUDAPEST, HUNGARY – Hungarian Prime Minister Viktor Orban said that companies from his country plan to expand their activities in Russia despite sanctions and political difficulties.

Orban made the statement at a meeting with the head of Russia’s Tatarstan region Rustam Minnikhanov in Budapest, TASS news agency reported.

“It has been noted at the meeting that, based on the results that have been achieved so far, we are ready to continue cooperation in such areas as agriculture,” said Bertalan Havasi, a spokesman for the head of the Hungarian prime minister, as he gave an account of Orban’s talks with Minnikhanov.

“Despite sanctions and political difficulties, Hungarian companies represented in Russia are looking for opportunities to expand their activities,” he said.

“Orban said that we also try to support our cooperation in culture, science and higher education and will continue to welcome students from Tatarstan who wish to study in our country under the Stipendium Hungaricum program,” Havasi was quoted as saying by the MTI news agency.

The head of Tatarstan came to Budapest at the invitation of Orban in connection with the Hungarian national holiday, St. Stephen’s Day, which is being celebrated this weekend, TASS added.

Hungary has long-established close business relations with Tatarstan. The largest Hungarian oil and gas company MOL is involved in joint projects there.