MNKH signs €25 mln cooperation agreement with Mongolia’s capital

Initiatives

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The Hungarian National Trading House (MNKH), set up by the Hungarian state to find new opportunities for Hungarian companies on foreign markets, has signed a cooperation agreement with the local government of Ulaanbaatar, the capital of Mongolia, on development projects worth a combined €25 million, MNKH said yesterday.

The agreement encompasses the renovation of the cityʼs bus fleet, the construction of an intelligent public lighting system and a "smart city" project.

The agreement also paves the way for the realization of further joint projects, such as in the construction materials or food processing industries, MNKH said.

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