Kover meets Mongolian counterpart

After the talks, Kover said Mongolia was an important, traditional partner for Hungary in the north-eastern Asian region. Bilateral and cultural ties are extremely good, while business ties need to be raised to the same level, he added.

Parliament’s press office quoted Kover as saying at the talks that similarities in the traditions of the two nations create a good basis for further deepening friendly ties. Mongolia’s rich historical and cultural heritage is a great asset, which contributes to the cultural diversity of Eurasians, Kover said. Mongolia’s active foreign policy is key for preserving stability in its region, he added.

Hungary follows Mongolia’s development with a loyal interest, while Hungarian businesses are ready to contribute to Mongolia’s success with special regard to agriculture and water management, Kover said.

Central bank signs cooperation agreement with Mongolian watchdog

The National Bank of Hungary (NBH) has signed an agreement on joint financial supervision cooperation with the Financial Regulatory Commission of Mongolia (FRC), NBH said on Wednesday.

The agreement covers, among other things, information and knowledge exchange between the authorities, carrying out joint research projects and organising knowledge-sharing events, the central bank said in a statement.

Agriculture minister meets Mongolian finance minister

Agriculture Minister Istvan Nagy met Javkhlan Bold, Mongolia’s finance minister, in Budapest on Wednesday.

The sides signed a memorandum of understanding to strengthen relations in agriculture and the food industry, the Ministry of Agriculture said. The partnership agreement covers the modernisation of farm machinery, the preservation of animal genetic resources, irrigation development and forestry issues.

Nagy said Hungarian businesses and education institutions were ready to share their experience with the Mongolian partners. The minister said he could see opportunities for bilateral cooperation in agricultural technologies, the poultry sector or seed production.

Javkhlan Bold invited Istvan Nagy for an official visit to Mongolia.