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Hungarian company Matusz-Vad will soon start buying lamb’s meat from Kyrgyzstan for Hungarian hotels and restaurants, and future plans include increasing the portfolio of products and sales in stores, Világgazdaság reports. Economic relations between Hungary and Kyrgyzstan have been flourishing recently, and both countries are members of the vitally important Organization of Turkic States.
Kyrgyzstan’s Minister of Economy and Trade, Daniyar Amangeldiyev, recently met with the heads of a major Hungarian meat company, Matusz-Vad. The delegation arrived in the Caucasian country with the aim of reaching an agreement with Toro LLC, whose slaughterhouse they visited. According to the statement, the Hungarian company was interested in halal meat products and various fish products, the country’s organic products and investment potential, the importance of food freezing, storage and transport, logistics centers, and adequate refrigeration capacity.
As a result, meat of Kyrgyz origin will not be a rarity in Hungary very soon, where it will be supplied to local hotels and restaurants through Matusz-Vad.
In the first phase, 20 tons a week will be exported, with plans to increase to 40 tons in the future, and later on the meat will also be available in supermarkets.
According to the Matusz-Vad executives, Kyrgyz lamb is of better quality than New Zealand lamb. But the Hungarian company was not only interested in lamb meat, but also in rainbow trout, which is in demand not only in Hungary but also in several European countries.
Landscape in Kyrgyzstan. Photo: Pixabay
Emil Mambetkulov, CEO of Toro LLC, noted that they last supplied beef and lamb to the Hungarian-Kyrgyz Business Forum and were such a success, that after a month and a half they were already being contracted by Hungarian companies.
Hungary and Kyrgyzstan have an important economic relationship, with the two countries having raised their cooperation to the level of a strategic partnership, from which both sides have benefited greatly. In addition,
the Hungarian-Kyrgyz Development Fund has recently started its operations, under which the Hungarian government has provided HUF 5 billion (EUR 13.4 million) in funding to support investments by Hungarian companies in Kyrgyzstan.
Under the program, the first projects are already being prepared, with advanced negotiations underway on the construction of hydroelectric power plants, the transport of live animals, the export of ATMs, and the establishment of complete irrigation and sewerage systems. Last year, bilateral trade between the two countries increased by 47 percent to more than $12 million.
Featured photo via Pixabay