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Hungary Now Top in CEE for Chinese Corporate Investments

• 17 May 2023 5:56 AM
• Hungary Matters

Hungary has now become the “number-one destination in central and eastern Europe for Chinese corporate investments”, Foreign Minister Péter Szijjártó said in Ningbo.

Speaking at the opening of a China-central Europe trade exhibition, the minister added that Hungary had the most Confucius Institutes in the region and offered flights to the most destinations.

Also, Hungary has the highest number of food export permits for China among countries of the region, he said, noting that after the coronavirus pandemic, Hungary was the first country where Chinese tourists reappeared.

Chinese demand for healthy food products is on the increase and Hungary has a competitive edge in the EU in that area, he said, adding that the 23 Hungarian companies at the expo mostly represented the food industry.

Szijjártó also pointed to the Hungarian government’s position against global tendencies of the world becoming divided into blocs again.

“We support connectivity and welcome an East-West division of labour in key sectors of the economy … There is no point in divisions aimed at reducing risk,” he said, noting Hungary’s emerging role as a meeting point for Eastern battery technologies and Western car manufacturing.

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