Ulaanbaatar
State Bank to collaborate with Hungarian company
EconomyUlaanbaatar /MONTSAME/ The State Bank of Mongolia (SBM) has established a cooperation contract with Hungary’s “Magyar Trade House” LLC in widening business opportunities for Hungarian companies in Mongolia.
The document was signed Monday by B.Battuvshin, the SBM president, and by Sandor Riza, the director-general of the “Magyag Trade House” LLC--the Trade Representative of Hungary in Mongolia. The sides will augment the trade turnover between the two countries, connect businesses to Mongolia in order to support projects being implemented here, and realize the collaboration in broadening of the economic cooperation between Mongolia and Hungary.
The sides intend to boost mutually-beneficial business and to upgrade services of the SBM for its customers.
Mongolia and Hungary have been cooperating for many years in politics and social-economic spheres. Hungary has been one of the biggest suppliers for Mongolia in agriculture, foods, light industry, health, environment, construction, architecture and IT.
