Hungary “Our Turkic brothers have accepted us as one of them,” Kövér said. Is Hungary part of Turkey? The opening of the office in Hungary will be submitted to the approval of the foreign ministries in the coming days. Hungary Over the past 10 years, the trade turnover between Hungary and the Turkic-speaking countries has doubled. PM Orbán noted that Hungary’s Eximbank has opened a credit line with Turkic Council member states, adding that 195 million euros was available for Hungarian-Turkish cooperation and 80 million euros each for Hungary’s Kazakh, Uzbek and Azeri business ties. Why did Hungary join the Turkic Council - Hungary's potential contributions to the Council Even as an observer member, Hungary may contribute to the development of the organization in various fields. Most importantly, Hungary's geopolitical location within the European Union makes it a valuable partner for the OTS. Moreover, generous Hungary is offering 705 scholarships to students … Hungary's accession to Turkic Council. The Turkic Council was established in 2009 as an intergovernmental organization with an overarching aim of promoting comprehensive cooperation among Turkic-speaking states. Hungary’s foreign policy strategy of opening to the East has proven to be successful over the past ten years, with economic cooperation with the Turkic countries greatly benefiting the country’s national economy, Foreign minister Péter Szijjártó said in Istanbul on Monday. Events were also held in Romania and Hungary, which received an observer status in the Turkic Council. This Paper. Hungary – Turkey relations. The institutionalization of relations reached its peak with Hungary's accession to the Turkic Council as an observer member in 2018 at the Cholpon-Ata summit in Kirgizstan. Hungarian trade with these countries currently amounts to $4 billion, which is twice as much as 10 years ago. The council is an international organization comprising Azerbaijan, Kazakhstan, Kyrgyzstan, and Turkey. The prime minister also touched on the shared historical and cultural heritage of the Hungarian and Turkic peoples, saying Hungarians were proud of that heritage.