ALGERIAN, HUNGARIAN CHAMBERS OF COMMERCE SIGN CO-OPERATION AGREEMENTS

ALGIERS, -- The Algerian and Hungarian chambers of commerce have signed two co-operation agreements following a business meeting between delegations of the two sides here Sunday.

The first agreement was signed between the Algerian Chamber of Commerce and Industry (CACI) and its Hungarian counterpart, while the second was inked between the Algiers-Mesghenna Chamber of Commerce and Industry and the Budapest Chamber of Commerce.

The two agreements are aimed mainly at strengthening co-operation between the two countries in sectors which hold vast investment opportunities but which are still unexploited to date, said CACI vice-president Riad Amor at the business meeting, which was also attended by Hungary's Ambassador to Algeria, Helga Katalin Pritz.

Amor added that the agreements were in line with the long-standing partnership between Algeria and Hungary, dating back to the 1970s and 1980s.

Pritz hailed Algerian government's efforts to ensure an appropriate business climate for investors, and recalled the setting-up of an Algerian-Hungarian Joint Partnership and Co-operation Committee, which is in charge of paving the way for the economic players of the two countries to build win-win partnerships.

In this regard, she said one example was the opening of the Algiers-Budapest direct air service in September.

The vice-president of the Hungarian Chamber of Commerce and Industry and president of the Budapest Chamber of Commerce, Zultan Kiss, underlined the need to strengthen partnerships in the sectors of energy, industry, information communication technologies (ICT), construction, pharmaceuticals, agriculture, food processing, environment and waste treatment.

Source: Nam News Network