Hungary to maintain its attractiveness among German investors

Economic and trade cooperation between Hungary and North Rhine-Westphalia will have a major influence on the growth path of the Hungarian economy in the future, Foreign Minister Péter Szijjártó said in Duesseldorf on Monday.

North Rhine-Westphalia has become the state in Germany from where most business investments arrive in Hungary, he told a press conference. A total of 49,000 people in Hungary are employed by companies from North Rhine-Westphalia and their annual turnover is over 11 billion euros, he said.

Among Germany’s states, North Rhine-Westphalia attracts the third largest Hungarian export, he added.

He said it was very important that companies from North Rhine-Westphalia, having invested in Hungary, clearly welcomed the government’s amendment proposals that aim to improve the country’s competitiveness and address labour shortage problems. As a result of the challenges caused by low unemployment in Hungary, these companies had long been asking the government to ensure the sufficient workforce required for carrying out their investment projects, he added.