The Mogilev region administration and the Hungarian company Hungaroseed Kft have signed an agreement on cooperation.
The agreement provides for setting up a joint venture in Mogilev region to produce corn seeds, the press service of the Belarusian Ministry of Foreign Affairs reported.
A delegation of Mogilev region led by the First Deputy Chairman of the Mogilev region Executive Committee Oleg Chikida visited Hungary on August 8-11. Over the course of several days members of the delegation visited a number of Hungarian agricultural enterprises, were made familiar with the Hungarian experience of growing corn hybrids, dairy business, and animal breeding. Representatives of Mogilev region and Belarusian enterprises met with officials of the Hungarian Agriculture Ministry, the country’s export and import bank, and the Chamber of Commerce and Industry of Hungary and presented Mogilev region’s export and investment opportunities, outlined further joint steps aimed at advancing trade, economic, and investment cooperation. As a result of the visit an agreement on cooperation was signed by the Mogilev region administration and Hungaroseed Kft in the Embassy of Belarus in Hungary. In line with the agreement a joint venture will be established in Mogilev region to make corn seeds. The Mogilev branch of the Belarusian Chamber of Commerce and Industry and the Chamber of Commerce and Industry of Hajdu-Bihar region also signed a cooperation agreement. (BelTA/Business World Magazine)