“Hungary can penetrate to huge markets through Mongolia”

Ulaanbaatar /MONTSAME/ Although geographically is far from Hungary and the European Union (EU), Mongolia is placed between the massive markets of Russia and China, so Hungarian businessmen can penetrate into these huge markets through Mongolia. The Prime Minister of Mongolia Ch.Saikhanbileg said it while addressing a Mongolia-Hungary business forum on Monday at the National Chamber of Commerce and Industry, within an official visit of the Hungarian Premier to Mongolia. Mongolia has more than 60 million heads of livestock, so it can produce and export meat, meat products, cashmere and woolen goods, Saikhanbileg said and emphasized that the country can also process its mineral resources such as gold, copper and coal with progressive technologies and provide both domestic and foreign markets with the products. Noting that the governments established some important documents, Mr Saikhanbileg said the two countries have big opportunities to collaborate also culture and arts. “In order to make the investment environment more reliable and favorable, Mongolian parliament has passed a new law on investment,” the Premier pointed out and urged Hungarian businessmen to make investments in Mongolia. The Mongolia-Hungary business forum has brought together over 240 businessmen of Mongolia and 40 of Hungary. At the end of the event, the presidents of the countries’ chambers of commerce and industry signed a cooperation contract.