Budapest (MTI) – Georgia can serve as a gateway for Hungarian companies seeking to invest in Central Asia, the foreign ministry’s parliamentary state secretary said on Tuesday.
Orban: Georgia important for energy security
Laszlo Szabo addressed a Georgian-Hungarian business forum organised in Budapest and attended by Irakli Garibashvili, the Georgian prime minister.
Georgia has an outstandingly investment friendly business environment in international comparison, Garibashvili told the forum. It has low tax rates, skilled labour and low level of red tape, he added.
Szabo said there was an array of business opportunities between Georgia and Hungary which would be “a shame” not to exploit.
Hungary’s Eximbank is on the lookout for potential businesses to finance, he said. The bank has opened a 50 million dollar credit line to help boost cooperation between Georgian and Hungarian SMEs, it was earlier announced.
Garibashvili held talks with his Hungarian counterpart Viktor Orban earlier in the day.