Paroz explained that Switzerland and Hungary would soon launch a second bilateral cooperation program under Switzerland's contribution to European cohesion.

"This will offer quite a few opportunities for cooperation and we hope to develop long-term partnerships between the project participants," said the diplomat.

Since the 1990s, Switzerland has become one of Hungary's most important economic partners.

With private investments of more than EUR 4.5 billion by local companies, the Alpine state became the fifth largest investing country in Hungary in 2020.

Photo: courtesy of DT