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Mongolia-Hungary economic cooperation to be brought to new level

Prime Minister of Mongolia Chimed Saikhanbileg and Prime Minister of Hungary Viktor Orbán held official talks January 25, the Montsame National News Agency reports.

The sides exchanged views on the ways to boost bilateral relations and cooperation and to bring the economic cooperation to a new level.

“Our countries signed today an intergovernmental agreement on the general program on financial cooperation. We also agreed to develop meat trade, expand cooperation in water and medicine spheres, will have two cities cooperating in public transport, smart city [program] and e-governance,” Saikhanbileg said at the later press conference.

Orbán, in turn, said the two countries have been maintaining friendly ties for a long time and Hungary will work on forwarding the bilateral cooperation.

The Hungarian PM is accompanied by around 50 businesspeople who intend to cooperate with their Mongolian counterparts, according to Orbán. He too praised signing of the financial document for 25 million U.S. dollars from the Export-Import Bank of Hungary for rehabilitating Biokombinat, the state-run medicine factory of Mongolia.

The Hungarian PM also noticed the proposal on doubling quotas for Mongolian students. Currently, there are 100 students in Hungary who are studying with governmental scholarships.

He underlined that the meeting with his Mongolian counterpart has been very open and fruitful, and expressed hopes that cooperation in more spheres would become real. Bishkek (via AKIpress.com)

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