State secretary opens Hungarian trading house in Moscow
Government commissioner in charge of Hungarian-Russian economic relations Péter Szijjártó on Monday opened a Hungarian trading house in Moscow, established by the Hungarian government in partnership with the Quaestor Group. The trading house comprises a business and investment centre and a logistic base. Its operations include investment mediation, business consulting and trade and tourism activity. Before opening the trading house, Szijjártó held talks with the management of Russia's biggest food retail chain Magnit. Hungary and Russia's bilateral trade came to $11.6 billion in 2012. Hungary had a $5 billion trade deficit with energy-rich Russia.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.