Hungary signs USD 57 m tied-aid for vaccine plant in Mongolia

Hungary has signed a 57 million dollar tied-aid agreement to support the construction by Hungarian companies of a veterinary vaccine plant in Mongolia, Péter Szijjártó, the minister of foreign affairs and trade, said on Thursday.

Magyar Eximbank has opened a 46 million dollar credit line to help Hungarian water management and mining companies expand their operations in Mongolia, Szijjártó told MTI by phone from Ulaanbaatar.

Szijjártó signed a Memorandum of Cooperation on broadening bilateral economic relations with Chimed Khurelbaatar and also met with foreign minister Damdin Tsogtbaatar, farm minister Chultem Ulaan and President Khaltmaa Battulga.

Source: MTI