Mongolia-Hungary relationship upgrades
Mongolia-Hungary relationship upgrades.
Mongolia-Hungary relationship upgrades. State Bank of Mongolia or SBM established a cooperation contract with Hungarian “Magyar Trade House” LLC which is hoped to widen business opportunities for Hungarian companies in Mongolia. Under the contract, the sides will augment the bilateral trade turnover, support national projects, and broaden the bilateral economic cooperation. The sides also plan to boost mutually-beneficial business and to upgrade services of the SBM for its customers. Mongolia and Hungary have been cooperating for the last 65 years in political and socio-economic spheres. Hungary has been one of the biggest suppliers for Mongolian agriculture, food and light industry, health, environment, construction, architecture and IT.
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