Egypt's president led the business delegation in Budapest on Friday

The Hungarian-Egyptian Business Forum was surrounded by high interest on Friday in Budapest. More than 200 domestic SMEs attended the event in which the participants were informed about business opportunities in Egypt. The delegation of 50 Egyptian businessmen were led by Abdel Fattah El-Sisi Egyptian head of state.

Hungary’s exports to Egypt increased by 68 percent overall in 2014. A significant part (59.2%) of the exports was machinery and electrical product groups in 2014. In addition, the domestic SMEs exported large quantities of vehicles and transport equipments to Egypt in 2014.

The basic aim of the business forum, organized by the Hungarian National Trading House, was to inform the Hungarian small and medium-sized enterprises about the business opportunities in Egypt, thereby facilitating the development of the economic relations between the two countries.