Minister of Industry, Ferhat Ait Ali Brahem, held, Yesterday, Monday, in Algiers, a meeting with the Ambassador of Hungary to Algeria, Giorgi Pantoch, said a statement by the ministry.
As such, the same source added that the meeting took place at the headquarters of the Ministry of Industry to discuss means and ways to further boost economic cooperation between the two countries.
In this vein, the Minister highlighted Algeria’s new economic orientation with regard to foreign investment to ensure its interests, presenting the government’s plan to promote the national industry and its dealings with foreign investors in the next stage, especially bilateral partnership agreements.
The Minister discussed with his guest the laws that had been introduced with a view to improving the business climate, especially the investment law and the regulatory texts for industrial activities.
For his part, the Hungarian Ambassador expressed Budapest’s willingness to expand its partnership agreements with Algeria in the field of mechanical industries, and discuss means paving the way for Hungarian companies to enter the Algerian market.
