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Government official: US investors’ interest in Hungary unbroken

Economic relations between Hungary and the United States are traditionally stable, and American investment in Hungary remains robust, a foreign ministry state secretary said on Thursday.

Levente Magyar told a conference of the American Chamber of Commerce (AmCham) and the Hungarian Investment Promotion Agency (HIPA) that the government was focused on bringing as many high value-added investments to Hungary as possible, underlining the need to deepen the existing economic and political ties amid the current geopolitical situation.

American companies are among the biggest investor communities in Hungary, accounting for 9 percent of FDI inflows, Magyar said. He noted that the strategic partnership agreement signed between the Hungarian government and Coca-Cola in 2012 had been the first of 14 such agreements with US companies.

The HIPA successfully concluded negotiations in 107 American investment projects between 2014 and 2023, bringing close to 8 billion euros and 18,000 jobs to Hungary, Magyar said.

FDI inflows reached 8.1 billion euros in the first half of the year compared with 6.5 billion euros in the whole of 2022, and are on course to reach a new record, Magyar said.

Investors’ interest in Hungary remains unbroken thanks to its investor-friendly environment, competitive tax system, “outstanding education system” and stable political environment, Magyar said.

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