INTER-GOVERNMENTAL MEETING TO BE HELD

Ulaanbaatar, /MONTSAME/ The 3rd Mongolia-Hungary inter-governmental meeting of cooperation in trade, economy, sciences and technique will start Wednesday in Ulaanbaatar.
The meeting will be co-chaired by Kh.Battulga, the Minister of Road, Transportation, Construction and Urban Development and a head of the Mongolian side of Mongolia-Hungary inter-governmental commission, and by Veres Janos, a plenipotentiary to the Hungary's Premier in charge of development of economic collaboration with Asian countries.
The sides will consider issues of the Mongolia-Hungary relations and cooperation, and will issue the meeting's protocol.
During the meeting, a general inter-governmental agreement on financial cooperation will be signed in a scope of which a soft loan of USD 25 million will be granted from Hungary for repairing the "Biokombinat" state-owned enterprise. A cooperation agreement will be inked between custom organizations of the countries as well.
A cooperation memorandum will be created between Mongolia's Authority of Mineral Resources (MAMR) and Hungary's Service of Mining and Geology. In addition to it, the MAMR and the Geophysical Institute of Hungary will establish a mutual understanding memorandum.
B.Khuder