More Chinese investments arrive in Hungary

The investments will create around five hundred new jobs, Hungary's Minister of Foreign Affairs and Trade Peter Szijjarto has said.

Szijjártó Péter külgazdasági és külügyminiszter a kínai Tiencsinben megrendezett Világgazdasági Fórum, az úgynevezett nyári Davos egyik panelbeszélgetésén 2023. június 27-én (Fotó: Facebook/Szijjártó Péter)

Hungary's foreign minister also pointed out that the reason why a large chunk of Chinese automotive investments is coming to Hungary is because German car makers boasting significant capacities are also present here. "It's interesting to see that while in the political arena German politicians often discuss the separation of the European and Chinese economies, in reality - in the economy and even in the most important industry of the future, the electric car industry - German and Chinese companies are working very closely together," he said. "Chinese companies are happy with the conditions in which they operate and invest in Hungary, they are happy that they pay the lowest taxes in Europe, they are happy with the infrastructure conditions and they have a high regard for the Hungarian workforce," Mr Szijjarto added.

Cover photo: Minister of Foreign Affairs and Trade Peter Szijjarto attends a panel discussion at the World Economic Forum in the Chinese city of Tianjin, the so-called Summer Davos forum, on 27 June, 2023 (Source: Facebook/Peter Szijjarto)