Finance Minister Mihaly Varga – Photo: Facebook

Finance Minister: Performance of Hungary’s business sector has been ‘impressive’

The finance minister said the government's Eastern Opening policy had brought record FDI to the country.

Finance Minister Mihály Varga said the performance of Hungary’s business sector had been “impressive”.

Addressing the Figyelő Top 200 gala in Budapest late Thursday, Minister Varga said that the annual revenue threshold for inclusion on the Figyelő  Top 200 list had climbed to HUF 90bn from HUF 35bn ten years earlier. He added that Hungary’s economic success was supported by the government’s policy of cooperation in the domestic economy and connectivity on external markets.

He said the government’s Eastern Opening policy had brought record FDI to the country.

Assessing the results of the United States elections, Minister Varga said Donald Trump’s victory could advance international processes supporting peace, limiting migration and improving the appraisal of national sovereignty.

He added that improved relations between Hungary and the US could pave the way for the reinstatement of the double taxation avoidance agreement between the countries that was unilaterally terminated by the Democratic Party administration.

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