NBU signs an agreement with the Hungarian Eximbank for 50 million euros
Tashkent, Uzbekistan (UzDaily.com) – On 3 October, within the framework of the visit of the President of the Republic of Uzbekistan to Hungary, the Uzbek-Hungarian business forum was held with the participation of business circles of the two countries.
The business forum was attended by leading companies of Uzbekistan and Hungary in the automotive industry, transport, pharmaceuticals, agriculture, textiles, information technology, the leather industry, as well as heads of banking and financial institutions.
During the Uzbek-Hungarian business forum, National Bank for Foreign Economic Affairs of the Republic of Uzbekistan (NBU) signed an agreement with the Export-Import Bank of Hungary (Eximbank of Hungary) to attract a credit line in the amount of 50 million euros.
Eximbank of Hungary is the leading financial institution in the field of export financing. The attracted credit line will make it possible to finance large investment projects and projects of small and medium-sized businesses that provide for the supply of equipment, goods and services from Hungary.
Hungary is one of the important partners of Uzbekistan in the European Union. Thanks to the initiatives of the leaders of the two countries, the mutually beneficial partnership is strengthened every year. A practical example of this is the signed new agreement with the Hungarian Eximbank, which will provide an opportunity to implement the agreements and contracts reached as a result of the business forum.
One of the advantages of this agreement is also the possibility of direct cooperation with the Hungarian export credit insurance company MEHIB, which is part of the Hungarian Eximbank group and provides financing for risks associated with the production and supply of equipment, outstanding debts, supplier or buyer loans, leasing, bank guarantee and investments.
The implementation of the agreements reached during the event will stimulate the growth of mutual trade between Uzbekistan and Hungary, as well as the creation of additional new jobs in our countries.