Hungary, Mongolia sign business contracts valued at $40 mln

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Hungarian and Mongolian businesses have signed contracts valued at approximately $40 million during a visit by Hungary’s Prime Minister Viktor Orbán to Mongolia, Hungarian Foreign Minister Péter Szijjártó said today, according to Hungarian news agency MTI.

Hungaryʼs Foreign Minister Péter Szijjártó shakes hands with Mongoliaʼs Finance Minister Bajarbaatar Bolor, with prime ministers Viktor Orbán and Chimed Saikhanbileg in the background. (Photo: MTI/Balázs Szecsődi)

Speaking to journalists today in Ulaanbaatar, Szijjártó said Hungarian companies will renovate the countryʼs largest biopharma firm, which produces veterinary vaccines and was built by Hungarian companies several decades earlier, MTI reported.

Orbán said at the business forum that both Hungary and Mongolia are among the “successful nations of the world” and the two countries are “facing prosperous futures”, MTI reported.

Mongolia’s Prime Minister Chimed Saikhanbileg said his country is rich in mineral resources and Hungary has the necessary technologies, therefore the cooperation of the two countries could be beneficial, MTI added.

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