Mongolia and Hungary exchange views on two specific matters
Mongolian President met Hungarian Ambassador to discuss bilateral relationship.
Mongolia’s President Battulga Khaltmaa met Mihaly Galosfai, an Ambassador Extraordinary and Plenipotentiary of Hungary to Mongolia to exchange views on bilateral relationship with emphasis on two specific issues. The first issue touched upon was the renovation project of BioKombinat, as the project will help improve domestic animal health and increase export of animal-origin raw products, leading to upgrade in the livelihood of more than 160 thousand herding households as noted by the President. An USD 25 million loan agreement, designated to finance the project Renovation of Equipment of State-owned Company BioKombinat, was signed in 2010, however; the project hasn’t been carried out. Therefore, the sides agreed to clarify the reasons why the project wasn’t carried out and furthermore, take measures to resume the project. Ambassador Galosfai expressed his satisfaction with being able to contribute to the project, citing the project’s potential benefit to both sides. The second issue brought up by the Mongolian President was the exchange of expertise in film industry. President Kh.Battulga emphasized the significant role of film industry in promoting Mongolia abroad as well as encouraging patriotic upbringing among the younger generation. The Ambassador expressed his readiness to put diligent efforts to intensify bilateral cooperation.
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