At the inauguration ceremony, the Foreign Minister Szijjarto emphasized that the two countries share a long common history: in the second half of the 19th century, they both belonged to the same monetary and customs union as part of the Austro–Hungarian Empire, which still has a positive impact on economic cooperation today.
In his speech, he pointed out that last year broke records in bilateral trade turnover, and it seems that another record high will be achieved this year.
He stressed that sixty companies registered in Liechtenstein are also investing in Hungary, the largest and best-known of which is Hilti. Szijjarto also stated that Liechtenstein-based Neutrik, taking advantage of the European Union’s lowest tax rates and Hungary’s skilled workforce, has decided to open a factory in Ozd with an investment of 10 million euros, also to be supported financially by the Hungarian government.
He also spoke about the importance of people-to-people ties, recalling that Hungary will always remember how Liechtenstein showed solidarity and humanity by accepting hundreds of Hungarian refugees after the 1956 revolution.
And we will also always remember that the Liechtenstein Red Cross gave Hungarian children in very difficult circumstances the chance to spend their holidays here in this wonderful country,
he said.
