Ruse Chamber of Commerce and Industry continues to expand its network of business partners and opportunities, after on January 29 the institution signed a memorandum of cooperation with the oldest chamber of commerce in Hungary - the Budapest Chamber, which has a rich 170-year history. The Hungarian organization is also among the initiators of the establishment of the Danube Federation of Chambers of Commerce.
The event took place in the famous winter resort of St. Pölten in Austria, and the agreement was signed by Milen Dobrev - executive director of RTIK, and Andres Reeve - president of the Budapest Chamber.
The two sides agreed to promote economic exchange between the countries, as well as the exchange of trade delegations, experts, creation of new business contacts and opportunities for members of the two chambers. Business communities are at the center of the agreement, with a commitment to facilitate them to the maximum extent through the exchange of commercial and logistical information, the organization of joint trade exhibitions, fairs, conferences and delegations, and the removal of obstacles to the free development of common businesses.
Interaction and mediation in disputes between partners on both sides is envisaged, with the aim of avoiding long court procedures.
The agreement is indefinite, and will remain in effect until the parties expressly request its termination.