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)