Hungary’s Export-Import Bank (Eximbank) Rt and its Russian counterpart Rosseximbank, along with Hungarian export insurer MEHIB Rt, have signed a framework agreement to jointly support or finance projects in Asia, South America and Southern Europe.
The agreement will help Hungarian and Russian businesses to realize joint ventures in the third countries, Economics and Transport State Secretary Istvбn Major said.
The cooperation could be used to fund joint projects of Hungarian and Russian companies in important emerging economies such as China or India, Frigyes Banki, CEO of the Hungarian Eximbank, said. Bilateral economic ties have started to flourish in the past two or three years, MEHIB CEO Tibor Szakбcs said.
Source: Budapest Business Journal
