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Hungary, Mongolia Strike $25 Million Loan Deal As PM Orbán Pays Official Visit To Ulaanbaatar

Tamás Székely 2016.01.25.

Hungary and Mongolia are both successful countries and their governments have an interest in sharing this success, the Hungarian prime minister said in Ulaanbaatar. Viktor Orbán, on a three-day official visit, held talks in the capital city with counterpart Chimediin Saikhanbileg on Monday. “Over the past years, Mongolia has developed at a tremendous rate and Hungary’s economic performance is outstanding in European comparison,” Orbán told a press conference, adding that Mongolia showed interest in jointly harnessing the two countries’ capabilities.

SZAIKHANBILEG, Csimedín; Orbán Viktor

Viktor Orbán said his visit would help to deepen the two countries’ friendship and business cooperation. Orbán noted that Hungary reopened its embassy in the Mongolian capital last year. “We have returned to Mongolia,” he said, noting that his delegation comprises 50 leaders of successful Hungarian businesses seeking cooperation with local companies. The Prime Minister welcomed the signing of bilateral agreements, including an agreement on Hungary’s Eximbank opening a 25 million dollar credit line to finance the revamp of a Mongolian bioplant, a protocol on reviewing contracts, as well as a letter of intent on cooperation between Eximbank and the Mongolian Development Bank.

On Tuesday, Orbán will have talks with Mongolian President Tsakhiagiin Elbegdorj, as well as with government members. The Hungarian government considers Mongolia a key partner in the region, the Economy Ministry told news agency MTI in connection with the Hungarian delegation’s visit to Mongolia. Possible areas for closer cooperation, including food production, agriculture, engineering and vehicle production, urban development, water and waste management, construction, alternative energy and environment protection, the Ministry added.

via and MTI photo: Balázs Szecsődi –