Collaboration between Turkic Investment Fund and Ministry of National Economy of Hungary

During the visit to Hungary of H.E. Baghdad Amreyev, President of the Turkic Investment Fund (TIF), and Mr. Ramil Babayev, General Director of TIF, a working lunch was hosted in Budapest on 16 June 2025 by H.E. Márton Bókay, Deputy State Secretary at the Ministry of National Economy and Alternate Governor for Hungary on the TIF Board of Governors, and Mr. Gábor Matula, Head of Department and Hungary’s representative on the TIF Board of Directors.

The parties’ discussions focused on strengthening Hungary’s involvement in TIF activities and reinforcing cooperation between the Fund and the respective Hungarian institutions. The parties also exchanged views on TIF’s current undertakings, planned investment operations, and strategic priorities.

TIF President highlighted Hungary’s important role as a TIF member and emphasized that its active engagement has been instrumental in shaping the Fund’s strategic direction.

H.E. Baghdad Amreyev provided an overview of the Fund’s recent international activities. He explained that TIF is now entering a new phase, shifting the focus from institutional setup to investment implementation, and outlined its sectoral priorities.

He noted that TIF aims to remain flexible and responsive to the development needs of each member, and he expressed interest in exploring opportunities for co-financing projects.

H.E. Márton Bókay, Deputy State Secretary of the Hungarian Ministry of National Economy, welcomed the visit of the President and General Director of TIF and reaffirmed Hungary’s strong commitment as a member of TIF. He emphasized that Hungary sees TIF not only as a financial institution but also as a strategic platform to build lasting economic partnerships between Hungary and Turkic states.

Deputy State Secretary Bókay emphasized the importance of continued collaboration between Hungary and the Fund and highlighted the need for well-targeted investments that support shared development objectives and create tangible benefits for all member states.

The General Director of TIF, Mr. Ramil Babayev, provided an update on the Fund’s ongoing operational preparations, aligning them with the broader objectives of TIF’s investment policy.

Mr. Gábor Matula, Head of the Department for Outward FDI and Equity Investments at Hungary’s Ministry for National Economy, reaffirmed Hungary’s commitment to the Fund’s development and highlighted the importance of continued cooperation and strategic alignment among member states.

The parties agreed to continue their close coordination and maintain regular consultations to ensure the successful implementation of TIF’s investment activities.