Minister Gulyás: It’s in Hungary’s interest to attract as much Chinese investment as possible

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Hungary’s interest is to attract as much Chinese investment as possible, Gergely Gulyás, the head of the Prime Minister’s Office told a regular press briefing on Thursday.

The more Chinese investment attracted to Hungary, the better

gergely gulyás cabinet briefing
Photo: MTI/Balogh Zoltán

Gulyás said Hungary pursued the principle of connectivity in international cooperation, and the government would like to be able to conclude mutually beneficial deals with everyone wherever these countries produce the best products.

Agreements are also concluded with China in areas in which that country represents the top category in the world, he said.

In the international economy, the strong do not isolate themselves, but cooperate, the minister said, adding that this is what the government will represent at Thursday’s and Friday’s meetings.

Government official: Hungary, China to further strengthen digital trade links

Strengthening Hungary-China economic links is important to both countries, the finance ministry state secretary in charge of tax affairs said on Thursday after signing a letter of intent for trade cooperation with Wu Jiang, a representative of the Shandong Dihao International Investment Limited Company.

The ministry cited Norbert Izer as stating that the agreement served to ensure the continual and dynamic increase in the Hungarian economy’s competitiveness, in which effective cooperation with China is of crucial importance.

China is one of the most important trade partners for Hungary outside Europe, so cooperation between the two countries is vitally important in the areas of infrastructure, trade, and especially digital trade, he said.

The agreement serves to assess the necessary conditions for digital trading, and to establish and develop good practices, he said. Cooperation of this type can help both the authorities and businesses, making positive changes in various areas of everyday life, he added. The agreement will help the enforcement of regulations, strengthen trade links, support technological development and make consumer protection more effective, he added.

The government is dedicated to enhancing Hungarian companies’ competitiveness and reducing their administrative burdens, and the current agreement also represents progress in this area, he said.

President Sulyok receives Chinese President Xi in Budapest

tamás sulyok receives xi jinping
Tamás Sulyok receives Xi Jinping. Photo: MTI/Bruzák Noémi

President Tamás Sulyok received Xi Jinping, the Chinese president, in Budapest on Thursday, at a ceremony also attended by Prime Minister Viktor Orbán.

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3 Comments

  1. In there BASTARDIZATION of Hungary, there Distillation of Democracy, the Victor Orban led Fidesz Government of Hungary, the MASSIVE beneficiary’s have been China.
    Minister Gulyas – “in Hungary’s interest to attract as much Chinese investment as possible.”
    Gulyas, again and again, just makes statements, that DISPLAY his deep roots – his brainwashing by the Fidesz “jargon” that continues to HIGHLIGHT he practices the exact STIGMA, we know, that is the CREED of the Orban – Fidesz Government, that being Falsification of Fact & Truth, replaced buy making statements that are just FALLACIOUS.
    Gulyas, not the “sharpest tool in the tool box” that just is a somewhat “Mechanical” Lemming, in the Orban – Fidesz Government.

  2. Hungary’s main aim is to throw off EU dictatorship. With Chinese help, Hungary may be able to leave the EU. Whether the EU is happy to have a Chinese base in Central EU is another question.

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