Hungarian companies will set up the food industry’s system in Laos
Sixty Hungarian small and medium-sized enterprises will “set up the food industryial and food security system of Laos” within the framework of 10 billion HUF investment program – Szijjártó Péter Foreign Economic Relations and Foreign Minister told MTI by phone from Laos on Tuesday.
To the investment program the Eximbank will provide financing in the form of a 30 million tied aid.
Szijjártó Péter added that Laos is one of Asia's fastest growing economy. In the last ten years, its GDP has grown with an average 7 percent. (MTI)
Related news
The government is supporting farmers’ investments with a new measure
The call for interest and institutional guarantee fee support, which…
Read more >Márton Nagy: in the long term, we must return to investment-led economic growth
In the long term, we must return to investment-led economic…
Read more >KSH: industrial production stagnated in March
In March 2025, the volume of industrial production remained at…
Read more >Related news
Hungary Withdraws Retaliatory Ban on Meat Imports from Neighboring Countries
The Hungarian government has officially revoked its recent ban on…
Read more >Hungary faces historic cherry crop failure due to spring frosts
Hungary’s cherry sector is experiencing its worst year in 25…
Read more >Péter Szijjártó spoke out against Ukrainian imported GMO foods
Hungary will vote against the European Union’s extension of unlimited,…
Read more >