Renovation of Biocombinat to be intensified

2021-03-04 15:58:48

Ulaanbaatar /MONTSAME/. Minister of Agriculture, Food and Light Industry Z.Mendsaikhan met today with Ambassador Extraordinary and Plenipotentiary of Hungary to Mongolia Borbala Obrusanszky.

Minister Z.Mendsaikhan expressed his satisfaction with the start of the Biocombinat state-owned factory renovation project which is an important cooperation project between the two countries, while stressing the need for both sides to intensify the realization of the project and complete it on time.

Ambassador Borbala Obrusanzsky expressed readiness of Hungarian government to provide soft loans for the next phase of cooperation projects.

In his turn, Minister Z.Mendsaikhan said that the loan will be spent to rehabilitate and build wells and water points in Mongolia, to develop flood water management, and to establish potato and vegetable warehouses.

In addition, Minister Z.Mendsaikhan said that Mongolia is seeking to diversify its export products and become an agricultural exporter with using its resource of 71 million livestock. Moreover, he introduced the need to implement projects in line with Mongolia’s medium and long-term development policy document and the Government Action Plan for 2020-2024.

Expressing gratitude to the Hungarian side for supporting the education sector of Mongolia by extending its scholarship program until the end of 2023, the Minister expressed desire to include the sector’s professionals and personnel in the program.


Related news