Szabó told MTI on the telephone that Hungarian companies could cooperate with South African partners in the areas of irrigation and water management. Cooperation in the defense industry is another promising area, in particular mobile hospitals, water purification systems and laboratory equipment, he added.
Szabó met with his counterparts in South Africaʼs foreign affairs, water management, trade and commerce, and education ministries during his visit to Pretoria and Johannesburg.
The Hungarian National Trading House already operates one unit in South Africa and is working to establish another.
The Hungarian Export-Import Bank has opened a $200 mln line of credit to support investments in South Africa by Hungarian SMEs.
Szabó said that Hungary wants to extend the period during which South African citizens may stay in Hungary without a visa from 30 to 90 days.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
