Szijjártó: Mongolia could become key destination for tech exports
Mongolia is soon to become a key destination for Hungarian technology exports, Foreign Minister Peter Szijjártó told state news agency MTI on Friday. Szijjártó spoke following talks in Ulan Bator with Mongolian President Tsakhia Elbegdorj, Foreign Minister Lundeg Purevsuren and other ministers, as well as the mayor of Ulan Bator.
Szijjártó said the Mongolia mining industry and dynamic agriculture continue to contribute to an economic growth rate of at least 10% over the past several years.
This rapid rate of economic growth has created a need for technological development, and Szijjártó sees this as a major opportunity to increase Hungarian technology exports to Mongolia.
Hungaryʼs Eximbank established a $48.8 mln credit line to fund bilateral trade, and agreed to launch a $5 mln joint credit line with Mongoliaʼs Golomt Bank, the minister added.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.