Hungarian FM Szijjártó thankful for American FDI
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Companies from the United States form the second-biggest group of investors in Hungary and play a “big role” in ensuring the country’s economic neutrality, Minister of Foreign Affairs and Trade Péter Szijjártó said at a USHBC roundtable talk in Budapest on Thursday.
In a statement issued by his ministry, Szijjártó said the government was constantly working to improve conditions to draw more investments to Hungary. He acknowledged challenges in recent years, especially the impact of the war in Ukraine, which required a focus on bringing down inflation instead of spurring economic growth in 2023, but said Hungary was “back on track” and the government was ready to give “new impetus” to the economy.
“We want to achieve growth of between 3pc and 6pc next year,” he said, pointing to big investments in the pipeline, including new local manufacturing capacity of German car makers BMW and Mercedes, and plants of Chinese battery maker CATL and EV manufacturer BYD.
Adopting a strategy of economic neutrality, Hungary’s government aims to draw investments from all corners of the world, he added.
I guess Peter doesn’t understand that pride in country is also in the U.S., so while he continues to bash the west and talks lovingly of would be dictator, a , a convicted criminal, a ajudicted sex offender, might put off would be investors.