Major Chinese Bank Ready to Set Up Regional Centre in Hungary
- 26 Mar 2026 5:59 AM
The Export-Import Bank of China is prepared to set up a regional centre in Hungary, Minister of Foreign Affairs and Trade Peter Szijjártó said after a meeting with the lender's president on Wednesday.
China Exim Bank will continue to support bringing investments by Chinese companies to Hungary, Szijjarto said in a statement issued by his ministry.
"China Exim Bank ensures financing for companies operating in Western Europe, too, so its expanded presence in Hungary will boost the country's economic competitiveness in Europe," he added.
"Hungary's economy has profited much by offering the best conditions in Europe for East-West cooperation," he said, adding that Hungary had attracted about one-third of Chinese corporate investments in Europe, amid tight competition.
"Tens of thousands, even several hundred thousand jobs have been created because German and American companies can cooperate, without hindrance, with Chinese businesses in Hungary," he said.
"We see East-West cooperation as an opportunity, not a risk," he added.
Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.
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