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STATE SECY HAS BUSINESS TALKS IN EGYPT

 

Levente Magyar, state secretary at the foreign ministry, met several ministers of the Egyptian government for business talks in Cairo. Speaking to MTI by phone, the official said that the talks had focused on a deal under which Hungary and Russia would supply 1,300 railway carriages worth one billion euros to Egypt, as well as an investment project by Hungary’s Tungsram in Egypt. Concerning the latter project, Magyar said that Tungsram was planning to make several million lamps in cooperation with Egypt’s HOI group. During his Cairo visit, the state secretary met Investment Minister Sahar Nasr, Transport Minister Kamel Wazir, as well as Hisham Tawfik, Egypt’s privatisation minister. Magyar also opened a business forum attended by 22 Hungarian and 70 Egyptian companies.