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MNKH organizes Hungarian-Egyptian Business Forum

The Hungarian National Trading House (MNKH), established by the government to promote the international business activities of Hungarian SMEs, held a Hungarian-Egyptian Business Forum on the occasion of Egyptian President Abdel Fattah el-Sisiʼs visit to Budapest Monday, according to Hungarian news agency MTI.

Egypt presents opportunities for Hungarian businessmen and companies in the agricultural, livestock breeding, vehicle manufacturing, water utilities and pharmaceutical sectors, MNKH Deputy CEO Gábor Kun said on Monday.

Earlier in the day in the Parliament building, Prime Minister Viktor Orbán had talks with President el-Sisi, government website kormany.hu reported.

With regard to Hungarian-Egyptian relations, Orbán said that the process of closer political cooperation is at an advanced stage, and the two countries have also managed to “open windows” on a number of economic issues. The prime minister said he expects Hungarian-Egyptian economic and trade activity to increase significantly within a short period.

Orbán said that on Tuesday el-Sisi would join a summit involving the prime ministers of the other three Visegrád Group (V4) states – Poland, the Czech Republic and Slovakia – where economic cooperation would also be on the agenda, alongside security issues, according to kormany.hu. The goal is to launch a Central European-Egyptian economic cooperation scheme, he stated.