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Hungarian-Croatian Chamber holds first meeting

The Hungarian-Croatian Chamber of Commerce and Industry held its first meeting on Wednesday, with 18 members.

The chamber will aim to promote and protect the interests of Hungarian companies in Croatia and offer other professional support, chairman of the Hungarian Chamber of Commerce and Industry (MKIK) László Parragh said. He added that the MKIK's Croatian and Bosnian division played an important role in setting up the chamber. Membership in the chamber will be an annual €200 for companies with yearly turnover up to €10 million, and €400 for companies with revenue higher than that.
Hungarian companies, including oil and gas company Mol Rt and OTP Bank Rt, have invested $1.02 billion in Croatia. Croatian companies have invested $63 million in Hungary. Bilateral trade between the two countries was €828.4 million in 2005, with Hungary importing €111.9 million and exporting €716.6 million.