Germany under Merkel has been a solid force of stability for the Eurozone and for CEE, and her re-election is good news for Hungary. Not just because the relationship between the Chancellor and Prime Minister Orbán is special, both of them coming from the same European political family, but for obvious economic reasons as well.

Since Hungary’s transition to democracy began in 1990, German companies have been among the most important investors in the country. Hungary is the proud home of German investments such as the Audi and the Mercedes factories, and, as the promising new FDI data shows, investment in Hungary continues to grow in no small part thanks to Germany.

Under Merkel’s leadership, Germany has enjoyed economic stability and growth and now Hungary too is showing signs of economic recovery from the financial crisis. Following the Chancellor’s landslide victory on Sunday, we trust the fruitful relationship of the two countries will continue.

Prime Minister Orbán congratulated the Chancellor in a video message posted on his Facebook page. In the short message, which ends with German composer Johannes Brahms’ Hungarian Dances to underline the cultural ties between the two countries, the Hungarian Prime Minister emphasized Hungary’s dedication in fighting the problems of our “mutual home,” Europe.

By Ferenc Kumin

Source: A Blog About Hungary

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