UK Investments In Hungary Key For Economic Growth, Says FM Szijjártó

  • 22 Mar 2023 1:06 PM
  • Hungary Matters
UK Investments In Hungary Key For Economic Growth, Says FM Szijjártó
Investments in Hungary from Britain play an important role in maintaining Hungary’s economic growth, Péter Szijjártó, the minister of foreign affairs and trade, said.

British companies employ more than 50,000 Hungarians, Szijjártó said on Facebook, adding that trade turnover between Hungary and the United Kingdom reached a record high level last year.

“We therefore welcome the Windsor Framework, which is an important step towards the full implementation of the trade and cooperation agreement,” the minister said.

Szijjártó called Brexit “one of the saddest stories” in the European Union’s history, saying Britain’s departure had left the bloc significantly weaker.

“We have always argued in favour of the closest possible cooperation between the EU and Britain, which is of great importance amid the current security and economic conditions,” Szijjártó said.

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

  • International Corporate Community Continues to Trust Hungary, Declares FM

    International Corporate Community Continues to Trust Hungary, Declares FM

    • 13 Sep 2024 7:26 AM

    Continuous investment records prove that the players in the international corporate world continue to trust Hungary, Minister of Foreign Affairs and Trade Peter Szijjártó said on Thursday in Budapest when announcing a HUF 9bn investment by Dutch-owned Aalberts Surface Technologies.

  • Japanese TDK Investing HUF 26 Billion in Western Hungary

    Japanese TDK Investing HUF 26 Billion in Western Hungary

    • 3 Jun 2024 12:11 PM

    TDK could create 250 jobs with a 26 billion forint (EUR 67m) investment in Szombathely, western Hungary, Péter Szijjártó, the minister of foreign affairs and trade, said at the inauguration of a building at the Japanese-owned company’s base in the city.

Enjoy more

business CHANNEL SPONSOR

Share your story

We're interested in your stories, and photos, related to expat life in Hungary. Your contributions, and Press Releases, are invited for review before publication in the loop.