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Nov 30, 2016

Hungary builds relations with Bangladesh

Hungary will support the cooperation of Hungarian and Bangladeshi businesses by opening a credit facility worth 90 million USD, and the government will offer 100 scholarship grants to young Bangladeshi students to study at Hungarian universities

Prime Minister Viktor Orbán has revealed steps to improve relations between Hungary and Bangladesh during the Hungarian-Bangladeshi Business Forum in Budapest.

Hungary will support the cooperation of Hungarian and Bangladeshi businesses by opening a credit facility worth 90 million USD, and the government will offer 100 scholarship grants to young Bangladeshi students to study at Hungarian universities, the prime minister said.

In his speech delivered before an audience of Hungarian and Bangladeshi businesspeople, PM Orbán said that there may be opportunities for Hungarian businesses in Bangladesh primarily in the fields of water management, agriculture, the pharmaceutical industry and educational technologies.

He stated that Hungary has significant water reserves, there is major Hungarian experience and expertise in water management, and Hungarian water technologies are widely recognized and are greatly in demand throughout the world.

Bangladeshi Prime Minister Sheikh Hasina Wazed said that Bangladesh is aiming to create a knowledge-based economy. The country has progressed a great deal in recent years, and is able to offer Hungarian businesses good opportunities in a number of sectors.

The prime minister said that the Hungarian government started preparing Hungary for the development of a new world order and for new challenges back in 2010. During the course of the last few years, Hungary has undergone a process of renewal, as part of which we have reinforced the Hungarian economy, have regained our sovereignty, have developed an attractive investment environment, have created a workfare society instead of a benefit-based society, and have also renewed our foreign policy.

The Budapest business forum of the Hungarian National Trading House was attended by the representatives more than 100 Hungarian and Bangladeshi businesses.

At the forum Zoltán Kiss, Vice-President of the Hungarian Chamber of Commerce and Industry and Abdul Matlub Ahmad, President of the Bangladesh Chamber of Commerce and Industry signed a cooperation agreement in the presence of the two countries’ prime ministers.