Orbán cabinet: US investors queue up amid improving relations

US companies are open to making investments in Hungary that rival the size of Asian investments currently taking place in the country, building on the projected improvement in bilateral relations, Levente Magyar, a state secretary at the Ministry of Foreign Affairs and Trade, said in Washington after winding up business talks in Florida.

In a statement sent to MTI, he said there could be opportunities for US investments worth many billions of dollars in Hungary.

Magyar said the negotiations showed that improving political relations was a prerequisite for the dynamic growth of economic ties. He said “there are investors waiting in line who are ready to bring very serious capital to Hungary once there is a US administration that will strive to improve relations”.

He noted that his talks on strengthening economic ties built on the fact that Prime Minister Viktor Orbán met with US President-elect Donald Trump in Palm Beach a week earlier. Related article – Orbán: ‘I trust after Donald Trump takes office, we will experience its beneficial effect.’

Among the people with whom Magyar met was the investor Tamás Péterffy.

US Ambassador criticisms

Meanwhile, the US ambassador David Presman to Hungary has strongly criticised the Hungarian government at an event over corruption, its close ties with Russia and China:

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