Hungarian Finance Minister meets Chinese counterpart in Beijing
Finance Minister Mihály Varga has met Lan Fo’an, his Chinese counterpart, in Beijing, the finance ministry said in a statement on Tuesday.
“Efforts in the past decade have resulted in making Hungary a bridge in economic cooperation between Europe and China,” the statement quoted the minister as saying. China has now become Hungary’s largest investor outside Europe and “its most important trading partner”, Varga said, adding that bilateral financial ties “are constantly strengthening”.
According to 2023 data, China is Hungary’s 9th largest trading partner, bilateral trade accounting for 4 percent of Hungary’s total turnover, the statement said.
Among China’s investment projects in Hungary, Varga mentioned the CATL project worth a total 3,000 billion forints, Huayou Cobalt investing 520 billion forints and BYD using a budget of “several billion euros”.
The two ministers agreed that building further infrastructure links between the two countries was necessary, with special regard to direct flights, Varga said, noting a Tuesday agreement to launch a new cargo flight which could “further increase Hungary’s role as a logistics hub in central Europe”.
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1 Comment
Budapest, Hungary.
The “Pivotal” point of the New Silk Road – the East meeting the West.
Hungary & China – it’s ALL HAPPENED and Hungarians just sit back and TAKE it.
It may be thought observed but it’s FACT, that over the course of the last decade – Encouraged, Supported by the present Prime Minister of Hungary – Victor Mihaly. Orban and his Fidesz Government, been ANGLING developing this GROWING relationship, that is FAR from it’s Zenith.
When will District and utca name changes be introduced ?
A positive for Hungary would be that our “Dud” – Minister of Finance – Mihaly Varga, the “partner” in cohorts with the present – Prime Minister, that are the principal individuals – architects, who have SENT our Economy into the Depths of cataclysmic destruction, through the WRONGFULNESS of there Economic & Financial Policy direction, was to get lost disappear a re-enactment of an act likened to Houdini, returning to Budapest, via or on the New Silk Road.
We can only but WISH.
China & Russia – abolition, distillation of Democracy, growing in Governance as a Communistic Dictatorship – it’s BLATANT and we Hungarians just sit back, close our ears and eyes OBLIVIOUS to the demolition – the infestation effects happening occurring – that are RAVAGEING our country – Hungary.
The “Rubicon” has been truly crossed Hungary, and to effect, slow it’s INTENSIVENESS – the deepening of it’s impact on citizens population already evident in Hungary, will come at a cost.
PASSIVITY our acceptance of what, for 10 years has been factually HAPPENING in Hungary, that we should feel disgraced, that has seen NO active response or resistance, which we have to LIVE with and into the Future, under the Orban – Fidesz Government of Hungary.