Hungarian foreign minister: China, Hungary work to restart economic cooperation

Hungarian Foreign Minister Peter Szijjarto on Monday said China and Hungary strove to restart economic cooperation after a setback due to the coronavirus pandemic this spring.

Szijjarto told a joint online news conference with his Chinese counterpart that cooperation was valued on both sides. The talks during his visit focused on setting up a schedule to restart cooperation, he said.

China is Hungary’s second most important source of imports, and Chinese companies have invested over five billion dollars in the country so far, the minister noted.

Bilateral ties are key to the Hungarian economy making a speedy recovery,

he said.

The cooperation between the two countries’ national banks will be expanded to boost financial stability, he said. The Chinese development bank is set to become the fourth Chinese bank to open a representation in Hungary, he said.