Hungarian National Trading House opens local unit in Brazil

Sights

The Hungarian National Trading House (MNKH) has opened a unit in Rio de Janeiro in line with the expectations, the trade promotion company announced today.

Brazil is Hungary's second-biggest trade partner in Latin America after Mexico, the MNKH said.

The MNKH partners with local trading houses to find new opportunities for Hungarian companies on foreign markets. The company was established as part of the government's policy of opening up to markets in the East.

The unit in Rio was the 14th such one established by the MNKH, but it aims to raise the number to 25 by the end of this year.

MNKH CEO György Kerekes said a few days earlier that a local unit would open in Mexico by year-end, and another was expected to open in Chile later.

Kerekes told Hungarian business daily Napi Gazdaság that after targeting developing countries, the company would focus on the United States, Canada, Japan and Korea.

ADVERTISEMENT

Industries lose billions on counterfeit products Analysis

Industries lose billions on counterfeit products

Parl't to vote on groundwork for commercial accommodation ra... Parliament

Parl't to vote on groundwork for commercial accommodation ra...

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest re-launches airport shuttle bus City

Budapest re-launches airport shuttle bus

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.