Hungarian PM: Mongolia could become key destination for tech exports

Mongolia is soon to become a key destination for Hungarian technology exports, Foreign Minister Peter Szijjártó told state news agency MTI on Friday. Szijjártó spoke following talks in Ulan Bator with Mongolian President Tsakhia Elbegdorj, Foreign Minister Lundeg Purevsuren and other ministers, as well as the mayor of Ulan Bator.

Szijjártó said the Mongolia mining industry and dynamic agriculture continue to contribute to an economic growth rate of at least 10% over the past several years.

This rapid rate of economic growth has created a need for technological development, and Szijjártó sees this as a major opportunity to increase Hungarian technology exports to Mongolia.

Hungaryʼs Eximbank established a $48.8 mln credit line to fund bilateral trade, and agreed to launch a $5 mln joint credit line with Mongoliaʼs Golomt Bank, the minister added.

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Hungarian PM Varga, Szijjártó hold talks with Mongolian counterparts

Varga discussed Hungarian-Mongolian economic ties with Mongolian Industry Minister Dondogdorj Erdenebat and Finance Minister Bayarbaatar Bolor.

The parties agreed there is serious potential in bilateral economic ties, but the volume of trade is still significantly below its maximum capacity.

According to the Hungarian National Economy Ministry (NGM) there are good opportunities for cooperation in the fields of food industry, the automotive industry, the construction sector, in infrastructural development projects, in the renewable energy sector and the mining sector.

Following his meeting with Mongoliaʼs Minister of Foreign Affairs Lundeg Purevsuren in Ulaanbaatar, Szijjártó said Mongolia could help the European Union develop a “pragmatic cooperation” with Russia.

The United States, China and the Arab nations have become very active in the world economy, so Europe and Russia should form a united front. However, in view of the current global political environment, namely the Ukrainian crisis, this is not so straightforward, Szijjártó said.

Szijjártó noted that Mongolia concluded a partnership agreement with the European Union and it was holding talks on a similar agreements with the Eurasian Economic Union and will host the Asia-Europe Summit Meeting (ASEM) in July.

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HUNGARY, MONGOLIA STRIKE $25 MILLION LOAN DEAL AS PM ORBÁN PAYS OFFICIAL VISIT TO ULAANBAATAR

2016-01-25 |

Asiamongolia

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.

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 hungarymatters.hu and MTI photo: Balázs Szecsődi – kormany.hu

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Hungarian premier to visit Mongolia

News ID: 3029377 - Wed 20 January 2016 - 10:00

Politics

ULAANBAATAR, Jan. 20 (MNA) – Prime Minister of Hungary Viktor Orbán will pay an official visit to Mongolia this January 24-26.

The visit is the very first visit of the Hungarian side to Mongolia at a Prime Ministerial level.

In frames of the visit, the two PMs will hold tete-a-tete meeting and expanded talks.

Mr Orban will also be received by the President Ts.Elbegdorj and the Speaker of parliament Z.Enkhbold.

Moreover, a Mongolia-Hungary business forum will run.

The Premier of Hungary Orban is expected to be accompanied by the Ministers of Foreign Affairs and Trade; Defense; Economy; National Development; Agriculture; and some 60 representatives of 40 companies.

MONSAME/MNA

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HUNGARIAN FOREIGN MINISTER EYES BOOST IN TECHNOLOGY EXPORT TO MONGOLIA

Mongolia is set to become a key destination for Hungarian technology exports, Foreign Minister Péter Szijjártó said. Szijjártó held talks with Mongolian President Tsakhia Elbegdorj and Foreign Minister Lundeg Purevsuren. He said that Mongolia is rich in mineral resources and is home to one of the largest undeveloped copper and gold deposits in the world.

The Hungarian Foreign Minister said Mongolia’s mining industry and dynamic agriculture have led to a consistent economic growth rate of at least 10% over the past several years. This rapid rate of economic growth has generated a need for technological development, which provides an opportunity for significantly increasing Hungarian technology exports to Mongolia, Szijjártó added.

Hungary’s President János Áder also payed an official visit to Mongolia in April.  He said that Hungarian experts could help to protect Mongolia’s water resources, produce quality drinking water and upgrade the existing network of pipes and canals. Mongolia has demonstrated spectacular economic growth since 1990, János Áder noted, adding that Hungary could also help Mongolia further modernise its economy by contributing to livestock improvement.

via hungarymatters.hu, MTI photo: Foreign Ministry – kormany.hu

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PRESIDENT ÁDER HOLDS TALKS WITH MONGOLIAN COUNTERPART

Hungary can help Mongolia in water management and farm development, President János Áder said at a press conference held with his counterpart Tsakhiagiin Elbegdorj. Áder noted Mongolia’s rich resources in gold, uranium and wolfram set against a lack of quality water which is needed for the growing population, as well as mining and intensive farming, which brings in most export revenues for the country.

Hungarian experts may in future help to protect Mongolia’s water resources, produce quality drinking water and upgrade the existing network of pipes and canals, he added. Mongolia has demonstrated spectacular economic growth since 1990, János Áder noted, adding that Hungary could also help Mongolia further modernise its economy by contributing to livestock improvement, the development of food safety registration systems, the introduction of European standards and in setting up slaughterhouses that meet international requirements, he added.

After their talks, both presidents welcomed Hungary’s plan to re-open its embassy in Mongolia. Elbegdorj highlighted increased cooperation in education. Now one hundred Mongolian students can receive free tuition in Hungary, up from 15 in the past. Elbegdorj noted that he had visited Hungary last year. Áder also held talks with Prime Minister Chimediin Saikhanbileg and speaker of the State Great Khural Zandaakhuugiin Enkhbold.

via hungarymatters.hu photo: Noémi Bruzák – MTI

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