Mongolia|business|August 1, 2018 / 10:13 AM
Hungary allocates $25 million soft loan to Mongolia to restore vaccine producing plant

AKIPRESS.COM - Mongolian Minister of Agriculture, Food and Light Industry B.Batzorig received Ambassador of Hungary to Mongolia Mihaly Galosfai and Head of Division at Ministry of Foreign Affairs and Trade of Hungary Adam Szucs, the Ministry said.

At the meeting, the sides focused on renovation project of BioKombinat state-owned company, which was re-established with economic and technical assistance of Hungary in 1973. Mongolian and Hungarian professionals had worked together in BioKombinat and since 1990, Mongolian national professionals and specialized workers have been working there and producing bio preparations for domestic use.

The sides signed a memorandum of understanding to urgently launch construction work of BioKombinat extension with a soft loan of USD 25 million from the Hungarian Government. Construction work of BioKombinat extension is planned to complete within 1-2 years.

The new factory will have a capacity of producing 15-20 million doses of freeze dried and 10-15 million doses of liquid vaccines, and a laboratory in which vaccines to be examined at international standard level. Thanks to the extension, Mongolia will be able to produce vaccines for cattle plague, small pox and other animal virus infections. and ensure domestic demands as well as control diseases.

Minister B.Batzorig noted that Mongolia imports vaccines from Russia and third neighbor countries when contagious animal diseases spread. It is essential for Mongolia to produce vaccines that meet the international standards and cover domestic demand. "We are happy that renovation project of BioKombinat is to be implemented with a soft loan of $25 million from the Hungarian Government," he noted.

He also emphasized that two countries have great potentials to cooperate in animal husbandry, light industry and SMEs.

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