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Fourteen private individuals and the Hungarian Chamber of Commerce (MKIK) have set up a new organisation to build economic cooperation between countries of the Carpathian Basin, MKIK chief László Parragh announced on Wednesday.

Deputy PM Zsolt Semjén and chief patron of the new Carpathian Basin Business Promotion Chamber told a press conference after the founding ceremony that the government “seeks to act as a catalyst” and provide infrastructure for Hungarian businesses both in Hungary and in other countries. Helping businesses in the region “under market conditions and on a basis of a partnership of equals” is a priority for the government, he added.

Parragh said that the new chamber will have its headquarters in Hungary and will focus on financing business projects. State agencies and major Hungarian companies active in other countries of the region will be encouraged to join the organisation, he added.

In the featured photo: Zsolt Semjén and László Parragh. Photo by Attila Kovács/MTI