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Hungary to invest $172 million in Angolan economy

Staff Writer |
Hungary will invest 172 million dollars in the Angolan economy through various projects including a line of credit through its export-import bank, the European nation's trade minister said in Luanda.

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Hungarian foreign and trade minister Péter Szjjárto said companies from Hungary operating in Angola, mainly in the agriculture and energy sectors, would make the investments resulting in a 16-fold increase in bilateral trade, according to state media agency Angop.

Szjjárto was meeting with Angolan vice-president Bornito de Sousa.

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