Photo: wikipedia

Hungary supports global economic, industrial cooperation, minister says

Hungary's government supports global economic and industrial cooperation, Peter Szijjarto, the minister of foreign affairs and trade, said at the General Assembly of the United Nations Industrial Development Organisation (UNIDO) in Vienna on Monday, adding that Hungary was a good exemplar of its mutual benefits.
28. November 2023 5:45

The foundations of Hungary’s economic success, he said, was its transformation into a key hub for Eastern and Western investments.

Every day, Hungary was witness to how strong interdependence had developed and how efficiently Eastern and Western companies cooperated, as well as the advantages this brought, he added.

He said it was “alarming” that “voices in the West” aiming to cut off or restrict economic cooperation between Europe and China were strengthening.

The “real risk”, he added, was “to de-risk” as the world would return to an era of blocs, something that had never served central Europe well.

Hungary, Szijjarto said, supported connectivity and fair cooperation based on mutual respect and benefits.

The minister said Eastern and Western companies received equal treatment in Hungary, adding that all three German premium car brands had bases in the country, while five of the world’s ten largest battery manufacturers had committed themselves to Hungary.

Meanwhile, Szijjarto assured UNIDO of the government’s support for its activities towards securing global economic and industrial cooperation.

Leave a Reply