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The administration of FEZ Grodnoinvest participated in the Belarusian-Hungarian business forum

The Belarusian-Hungarian business forum was held in Budapest, Hungary, on April 24, 2019. The head of foreign economic activity department of Grodnoinvest administration Denis Shuleiko took part in the event. The forum was organized by the Hungarian Business Club of Eastern European countries together with the Embassy of the Republic of Belarus in Hungary. One of the main topics of the forum was the development of cooperation between Belarusian and Hungarian companies in the sphere of automotive components production.

The presentation of Grodno region FEZ Grodnoinvest investment and industrial potential was introduced to the participants of the forum, promising areas of cooperation were discussed. Within the forum business negotiations took place with Hungarian companies in automotive components production (Autofer Kft, Autotrieb Kft, Caroflex Kft, K & K Kft, etc.), a business meeting with the leadership of the Association of Manufacturers of Automotive Parts of Hungary (VOSZ) was held, the possibilities for FEZ residents of entering the Hungarian automotive components market were considered.

In order to learn more about the industrial and investment potential of Grodno region, establish business relations, the visit of the Extraordinary and Plenipotentiary Ambassador of Hungary in the Republic of Belarus to Grodno and FEZ Grodnoinvest is planned.

The trade turnover of FEZ Grodnoinvest residents with Hungary in 2018 amounted to $ 2.1 million with a growth rate of 193% compared to 2017. Export amounted to $ 1.2 million, the growth rate of 499%. Export was formed by the supply of machinery products.

In November 2018, representatives of FEZ Grodnoinvest participated in the Belarusian-Hungarian business forum, which was held in Minsk within the framework of the 9th meeting of the Belarusian-Hungarian Intergovernmental Commission on Economic Cooperation.