Published in Friday's issue of Magyar Kozlony magazine, the Prime Minister's decision authorizes the Minister of Foreign Affairs and Trade to begin cooperation negotiations for economic and technical purposes with the Government of the Republic of Equatorial Guinea, that is, at the request of Victor. Orbán, Petr Szijjarto authorized Peter Szijjarto to appoint those who would negotiate the agreement.
Oil represents 97% of Equatorial Guinea's exports, thanks to which the country has the highest GDP per capita in Africa.
However, this data does not paint a complete picture of the country, as there are severe inequalities within society, which is why 70% of the population lives on $1 a day, or 365 forints a day at the current exchange rate.
The West African country, nominally a republic but in reality with a dictatorial structure, has a population of 1.7 million and is very rich in oil, but is considered one of the most corrupt countries in the world. Equatorial Guinea gained independence from Spain in 1968, but its first president was shot in 1979 by the president's nephew, Teodoro Obiang, who has led the country ever since and was elected with a 93 percent majority in the last election.
In 2011, the country's constitution was adopted, which stipulates that the presidency can only be held for two seven-year terms, but according to Teodoro Obiang, who has been in power for 45 years, this only applies to his successors. By the way, the president was accused of money laundering and embezzlement in the United States and France.
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