Hungarian delegation discusses chances for investment in Egypt

A Hungarian business delegation is starting a six-day visit today at the invitation of the Egyptian businessmen's association and a business association in Alexandria.

The press attache for the Hungarian embassy in Cairo said that 14 businessmen who belong to nine Hungarian economic corporations will discuss during their visit to Egypt with their Egyptian counterparts improving the economic ties between the business associations in the two countries and establishing new joint projects as well as establishing the commercial basis for investment opportunities and trade between Hungary and Egypt.

Commercial trade volume between the two countries reaches $60 million, among which are $50 million in Hungarian exports to Egypt and $10 million in Egyptian exports to Hungary.