The MNB authorized the creation of a Moscow representation of Eximbank

The National Bank of Hungary (MNB) authorized the creation of a representation of Eximbank in Moscow. The decision can be found on the MNB's website.

Szijjártó Péter Foreign Economic Relations and Foreign Minister told that the Moscow representation is created with the aim to help the activities of the Hungarian small and medium enterprises on the Russian market. In addition a 289 million USD line of credit will also be established to support the Hungarian companies. (MTI)