Pact With Trade Promotion Agency Signed By German-Hungarian Chamber
- 3 Oct 2014 9:00 AM
The German-Hungarian Chamber of Industry and Commerce (DUIHK) signed a cooperation agreement with the Hungarian Investment Promotion Agency (HIPA). The agreement aims to foster further economic ties between the two countries. Speaking at the event, Foreign Minister Péter Szijjártó said that Germany is the top foreign investor in Hungary, with German businesses accounting for one fourth of all foreign direct investments, he said.
This amounts to about 20 billion euros, he said. Szijjártó noted that there are 6,000 German-owned companies that employ 300,000 people in Hungary.
Some 27% of these companies plan to make more investments this year than in 2013 and 29% plan to increase the number of employees, he said, making reference to a recent report by the DUIHK.
Source www.hungarymatters.hu
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