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Israeli business leaders visit Hungary

A visit to Hungary on Sunday and Monday by a delegation from Israel’s Technion Institute of Management (TIM Global) could result in joint developments, investments or even a bilateral agreement on research and development, Israeli ambassador to Hungary Aliza Bin-Noun told MTI on Tuesday.

The delegation of more than 30 business leaders from the drug, telecommunications and IT industries, met with officials from oil and gas company MOL and architectural software company Graphisoft. They also spoke with Development Minister Gordon Bajnai and representatives from the Hungarian Investment and Trade Development Agency (ITDH).

Hungary’s exports to Israel fell one-third to $255 million in 2007, according to ITDH figures. Imports from Israel rose 22% to $120 million. Israeli investors have brought some $2.5 billion to Hungary. (MTI-Econews)