Hungary opens four trading houses in Russia

Hungary opens four trading houses in Yekaterinburg, Kazan, Rostov and St. Petersburg announced Minister of Foreign Affairs and Foreign Economic Relations PéterSzijjártó in a Kossuth Radio interview on Wednesday. About it HungarianAmbiance reports.

The trading houses help Russian and Hungarian small and medium sized enterprises to develop market share and cooperate with each other said the foreign minister.

The expansion of economic and trade relations between the two countries are particularly timely, because due to sanctions imposed last year on Russia by the European Union, Hungarian exports to Russia fell by 14 percent representing a loss of $ 400-450 million.