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Economics

Bilateral agreement on export credits

Zenon Systems Kft is to start building two water purifier plants in Bosnian towns Tuzla and Brcko. The bilateral agreement on officially supported export credits, which will be signed by both the Hungarian and the Bosnian governments today, will be the first example of such a partnership. The conditions are for mutual benefits to both parties, because the water plants will provide clean and healthy water to the two Bosnian towns, whereas Hungarian firms should in turn, get orders without having to apply for a tender. Hungary has a budget of Ft 277,5 million this year for such agreements, and in the future, Hungary aims to offer such construction agreements countries where the per capita GDP is below $ 2900. (Vg 5) E.C.

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