Ulaanbaatar
Technological upgrading worth 25 million USD to be applied to Biokombinat
PoliticsUlaanbaatar /MONTSAME/ In frames of the official visit to Mongolia of Victor Orban, the Hungarian Prime Minister, the two sides signed several cooperation documents on January 25.
Minister of Finance of Mongolia B.Bolor and Minister of Foreign Affairs and Trade of Hungary Peter Szijjarto signed an Intergovernmental Agreement on the general program on financial cooperation. Accordingly, Hungary is to make 25 million USD investment for applying a comprehensive technological renovation to “Biokombinat” state-run institution.This will help improve health of Mongolian livestock and prevent epidemic diseases.
The Hungarian Minister Peter Szijjarto and the Mongolian FM L.Purevsuren inked an intergovernmental protocol on the effect of the bilateral agreement between Mongolia and Hungary.
Memorandums of understanding on cooperation were signed by the General Agency for Registration and Statistics of Mongolia and the Hungarian Banknote Printing Corporation, and by the Development Bank of Mongolia and Exim Bank of Hungary.
