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Hungary, Kazakhstan establish $40 mln farm investment fund

Int’l Relations

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Hungarian Eximbank, Kazakhstanʼs KazAgro National Management Holding and ADM Capital yesterday signed an agreement to establish a $40 million agriculture investment fund in Budapest, Hungarian news agency MTI reported.

Eximbank and KazAgro will each contribute $20 mln to the fund. 

The fund could give new impetus to economic ties between the two countries and boost bilateral trade several times over in the coming years, said state secretary László Szabó.

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