Hungary cannot exist without the German economy but at the same time, it forms a unity with the German economy that works on the basis of mutual benefits, he said.

“In recent years, German firms received 85 million euros worth of support for job creation in Hungary,” he said, adding that economic cooperation provides a very good basis for political relations and Merkel’s visit has reflected this.

Balog said it was legitimate that German companies based in Hungary had brought up the need for effective coordination before economic measures are enacted.

“It is very important that we should not ruin the business climate which has been created around German investors,” he said, adding that the government is currently negotiating with several “serious” new German investors.

Germany is aware that Hungary cannot be left out from the efforts that aim to resolve the Ukraine crisis and the Russian-Ukraine conflict.

Politics and the economy are intertwined in this respect, and this was demonstrated by Merkel’s remarks in Budapest, according to which it is necessary to think in terms of a common Eurasian economic area, Balog said. The two countries are in agreement that Russia must not be excluded from European economy.

Source www.hungarymatters.hu

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