• Coronavirus in Hungary
  • Budapest
  • Hungary border control
  • HelloMagyar
EnglishFrenchGermanSpanish
EnglishFrenchGermanSpanish
Hungarian foreign minister expects record exports in 2016Hungarian foreign minister expects record exports in 2016Hungarian foreign minister expects record exports in 2016Hungarian foreign minister expects record exports in 2016
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Breaking News
  • Hungarian government continues sacking hundreds of high-ranking military officers

Support us
Daily News Daily News · 24/11/2016
· Business

Hungarian foreign minister expects record exports in 2016

economy Foreign Affairs Ministry of Hungary

Szijjártó Péter külgazdasági és külügyminiszter beszédet mond az amerikai Becton Dickinson orvostechnológiai vállalat tatabányai munkahelyteremtõ beruházásának bejelentésén a Külgazdasági és Külügyminisztériumban 2016. november 23-án. A cég 34 milliárd forintos beruházással bõvíti tatabányai üzemét, amelyhez a kormány 2,7 milliárd forint vissza nem térítendõ támogatást biztosít. MTI Fotó: Máthé Zoltán

Budapest, November 24 (MTI) – Based on already available figures, Hungary’s exports are expected to be record high this year, Minister of Foreign Affairs and Trade Péter Szijjártó said on Thursday.

The performance of Hungary’s foreign trade reflects the path of growth, with exports being record high last year already, Szijjártó said at an event organised by Eximbank.

Figures from the first eight months of this year show that Hungary’s exports have grown by 3 percent this year, with the machine industry and pharmaceuticals being the areas that mostly drive exports. In the first eight months of this year, Hungary exported more to 34 countries than in the whole of last year, he added.

Szijjártó noted that Hungary won the right to host the World Export Development Forum in 2017.

He said Hungary helps its small and medium sized companies find market opportunities abroad, with representatives of the Hungarian National Trading House operating in 47 countries, adding that the network is set to be expanded by another 9 locations next year.

Some 79.1 percent of Hungary’s exports are to the European Union but thanks to the opening to the east and south policies announced by the government, exports to countries involved in these schemes grew by 7 percent and 9 percent, respectively, between 2010 and 2015, Szijjarto said.

Hungary’s exports accounted for 89 percent of the GDP in the first half of this year, he said.

The Ambassador of Kazakhstan in Hungary Rustemov Nurbah said at the event that Hungary is an important strategic partner for Kazakhstan in the region. A strategic council and business councils help the further development of links, he added.

An agreement about a direct air link between Budapest and Astana is scheduled to be signed on Thursday.

Photo: MTI

Source: MTI

economy Foreign Affairs Ministry of Hungary
Share
Daily News
Daily News

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

Latest news
  • Here are the localities where the air quality is deteriorating
  • Hungarian government continues sacking hundreds of high-ranking military officers
  • Joint opposition PM candidate Márki-Zay founded new party
  • PHOTOS, VIDEO: Thousands of years old treasure found near Kecskemét
  • Hungary’s only MEP in the EPP: Africa food crisis threat to Europe’s security
  • The reality of Hungarian expats abroad: pasta in Italy costs half the price
  • VIDEOS: Hungarian star singer sang ‘gangster song’ to Hungary’s justice minister on concert
  • New historic low: Hungarians receive way lower minimum wage than Romanians

About us

Contact us

Copyright rules

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V