Hungarian companies are building the largest animal vaccine factory in Mongolia
The Hungarian government signed an agreement on a 57 million USD investment in vaccine production in Mongolia, and Eximbank opened a 46 million USD line of credit to help Hungarian water management and mining companies – that had previously gained considerable market experience – to gain even greater market share in the Asian country – Szijjártó Péter, Minister for Foreign Economy and Foreign Affairs told Világgazdaság Online.
Thanks to the government’s eastern opening strategy, companies are able to appear in more and more markets in the eastern part of the World – the Minister said.
Particular attention should be paid to Mongolia in the framework of the Eastern opening strategy, which is currently producing the largest economic growth in Asia. Its economy is extremely open and the Hungarians are welcomed here with great love – he added. (vg.hu)
Related news
Arla invests in milk-drinks production
Arla Foods is looking to support the growth of its…
Read more >Aldi Ireland And Dawn Meats Enter €125m Contract
Aldi Ireland announced last week a new €125 million contract…
Read more >Valio planning to invest €60m in Finland cheese facility
Valio said, the investment is intended to replace the current…
Read more >Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >