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Ekonomia

Empowering small and medium-sized enterprises, Gonxja: Hungarian Development Bank, valid model

Empowering small and medium-sized enterprises, Gonxja: Hungarian Development

The Minister of Economy, Culture and Innovation, Blendi Gonxhja, is conducting an official visit to Hungary, where he met with representatives of the Hungarian Development Bank (MFB), a bank with state capital.

Minister Gonxhja informed that during this meeting the delegation that he leads was closely acquainted with the main activities of the bank, part of the national strategy for economic development, guided by the Hungarian Ministry of National Economy.

This bank supports the empowerment of small and medium-sized enterprises, as well as manages funds within the European Union programs.

"The contribution of the MFB to balanced economic growth and its active involvement in the realization of strategic objectives is to be appreciated, so we attach importance to cooperation with state financial institutions to learn from such experiences of promoting investment and development economic", said Gonxhja in a post on social networks.

According to him, the experiences and successful practices of the Hungarian Development Bank (MFB) are a valuable model for Albania, helping to promote entrepreneurship and innovation.

Trade exchanges between the two countries show growth. In 2023, trade exchanges between the two countries are calculated at 32,609 tons in quantity and nearly 8 billion ALL in value.