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28 Nov 2017

Belarus, Hungary to expand cooperation in pharmaceutics, mechanical industry

BUDAPEST, 28 November (BelTA) – Belarus and Hungary are determined to expand cooperation in pharmacy services and mechanical engineering. The matters were discussed at the meeting between Belarus’ Prime Minister Andrei Kobyakov and his Hungarian counterpart Viktor Orban on 27 November, BelTA informs.

Many Hungarian pharmaceutical companies are present on the Belarusian market and have proven their worth. There are prospects for the implementation of joint projects with the companies Gedeon Richter and Egis on the production localization in Belarus.

The parties also hope to develop cooperation in motor-car construction and to consider the construction of the MTZ assembly plant in Hungary.

Belarus and Hungary have also agreed to intensify contacts in the credit, financial and investment sectors. The parties talked over the cooperation in nuclear power industry as well.

Andrei Kobyakov invited Viktor Orban to pay an official visit to Belarus in 2018 and also to hold a Belarusian-Hungarian business forum during the visit. The Hungarian premier expressed readiness to visit Belarus.

The prime ministers of Belarus and Hungary met on the sidelines of the Central Eastern European Countries and China (CEEC-China 16+1) Summit in Budapest on 27 November.

The discussion of the projects of mutual interest will be continued at the meeting of the Belarusian-Hungarian intergovernmental commission on economic cooperation which is due to take place in Budapest on 30 November.

In January-September 2017 the trade between Belarus and Hungary totaled $132.1 million (up 17.9% from the same period last year). The Belarusian exports made up $49.9 million (up 27.6%).


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