Hungarian Companies Signed Cooperation Agreements with Shenzhen Counterparts

Hungarian Companies Signed Cooperation Agreements with Shenzhen CounterpartsOrganization and enterprises from Hungary have signed deals reaching 2 billion yuan during a ceremony that was organized by Invest Shenzhen together with the Hungarian Technology Center.

The Hungarian Environmental Protection Association with Shenzhen Environmental Protection Association, the Dongjiang Environmental Protection Corp. and Aquaprofit Co. signed a cooperation memorandum that promises to build a Hungary-China headquarters in regards to working relations, environmental protection, energy efficiency, science and technology. While the Hungarian Hi-Tech Investment Service Co. together with the Hungarian KIS Industrial Co. and Shenzhen Baifuli New Energy technology Co. has also signed cooperation agreements to jointly construct a production and research and development plant for biodiesel.

Furthermore the Hungarian Hi-Tech Investment Service Co. and Invest Shenzhen have also signed a memorandum of agreement that will involve networking services that will help in promoting investment in Shenzhen.

For the past six years Budapest has become one of the successful sub venues for the annual China Hi-Tech Fair and representatives from Invest Shenzhen stated that the city has always attracted competition from Hungarian technology in new energies, environmental protection and water resources management.

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