Hungary To Launch Programme To Support Hungarian Firms In Laos

  • 19 Nov 2019 8:14 AM
  • Hungary Matters
Hungary To Launch Programme To Support Hungarian Firms In Laos
The government is launching a 160 million dollar tied aid programme to support Hungarian companies working on development projects in Laos, Foreign Minister Péter Szijjártó said after talks with Laotian Deputy Prime Minister Sonexay Siphandone in Budapest.

At a joint press conference, Szijjártó said Hungarian companies will completely revamp Laotian capital Vientiane’s sewage system and participate in food safety development and setting up an electronic ID card system.

In a similar programme earlier, Hungarian companies invested 38.6 million dollars in food safety and agricultural development in the country, Szijjártó noted. Currently, 100 Laotian students study in Hungary, he said.

Those investments will bolster Hungarian companies, and so strengthen Hungarian economy and foreign trade, Szijjártó added.

Siphandone told the press conference Hungarian-Laotian relations have long-standing traditions and are based on mutual benefits and respect. Both countries are committed to further developing cooperation, he said.

Hungarian President János Áder’s recent visit to the country was a “milestone” in Hungarian-Laotian friendship, he said. The parties signed a food safety agreement ahead of the press conference.


MTI Photo: Máthé Zoltán

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

business CHANNEL SPONSOR

Share your story

We're interested in your stories, and photos, related to expat life in Hungary. Your contributions, and Press Releases, are invited for review before publication in the loop.